The UK budget deficit widened sharply in June, data from the Office for National Statistics showed Tuesday.
Public sector net borrowing rose by GBP 6.6 billion from the previous year to GBP 20.7 billion in June.
This was bigger than the GBP 17.1 billion shortfall forecast by the Office for Budget Responsibility. Moreover, it was the second-highest borrowing in any June since monthly records began in 1993.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.