EconomyUK borrows less in June, but Burnham still faces a huge fiscal challenge
The British government borrowed £16 billion in June, marking a one-third decline from the same month last year. Official figures nevertheless highlighted the enormous fiscal challenge confronting the country’s new Prime Minister, Andy Burnham. The lower borrowing total therefore offers limited relief as the government deals with its wider fiscal pressures.
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UK borrows less in June, but Burnham still faces a huge fiscal challenge
Economy