UK government borrowing overshoots expectations

Roula Khalaf, Editor of the FT, selects her favorite stories in Unlock the Editor’s Digest for free. UK government borrowing in February exceeded expectations, putting pressure on chancellor Rachel Reeves ahead of the Spring Statement. Reeves faces challenges in balancing the current budget by 2029-30, with forecasts indicating the need for further spending cuts and possible tax hikes to manage Britain’s public finances effectively.

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