The UK budget deficit increased more than expected in April on the additional costs of the energy support schemes, inflation-driven debt costs and increases in benefit payments.
Public sector net borrowing excluding banks increased GBP 11.9 billion from the previous year to GBP 25.6 billion in April, the Office for National Statistics reported Monday.
This was the second-highest April borrowing since monthly records began in 1993 and far exceeded economists' forecast of GBP 18.7 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.