The UK budget deficit widened more than officially estimated in May, data published by the Office for National Statistics showed Friday.
Public sector net borrowing rose to GBP 23.3 billion from GBP 17.9 billion in the previous month.
This was the second highest borrowing in any May on record. The Office for Budget Responsibility had estimated borrowing at GBP 17.7 billion, making the actual figure substantially larger than projected.
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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.