As economy reopened, government’s budget deficit reached £22.8bn in June, says ONS
UK government borrowing fell in June as the reopening of the economy from lockdown fuelled a rise in tax receipts despite a record jump in debt interest payments to £8.7bn amid rising inflation.
The Office for National Statistics (ONS) said the government’s budget deficit – the shortfall between spending and income – reached £22.8bn in June, a fall of £5.5bn from the same month a year earlier.
