UK borrowing20 Jun
UK borrowing is £7.7bn above forecast. Since 2012, such gaps lasted another month.
The UK borrowed £5.6 billion more in May than the OBR, the official forecaster, expected. Two months into the financial year the gap is £7.7 billion.
4 of 4All four early-year borrowing overshoots since 2012 were still there a month later. Three of the four ended in autumn tax rises.
Will the ONS release on 21 July 2026 show cumulative April to June 2026 borrowing above the OBR's March 2026 forecast?
History4 of 4Hunch80%