The UK budget deficit increased sharply in June as the government took measures to support businesses and individuals to address the impact of the coronavirus pandemic.
Public sector net borrowing excluding public sector banks increased GBP 28.3 billion from last year to GBP 35.5 billion in June, which was the third highest deficit in any month on records, data from the Office for National Statistics showed Tuesday.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.