{"id":263553,"date":"2025-03-21T07:39:02","date_gmt":"2025-03-21T07:39:02","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/03\/21\/government-borrowing-higher-than-expected-in-february\/"},"modified":"2025-03-21T07:39:02","modified_gmt":"2025-03-21T07:39:02","slug":"government-borrowing-higher-than-expected-in-february","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/03\/21\/government-borrowing-higher-than-expected-in-february\/","title":{"rendered":"Government borrowing higher than expected in February"},"content":{"rendered":"
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UK government borrowing was higher than expected in February, adding pressure to Chancellor Rachel Reeves ahead of her Spring Statement next week.<\/p>\n

Borrowing – the difference between spending and income from taxes – was \u00a310.7bn last month, according to official figures.<\/p>\n

The government’s independent forecaster had predicted that borrowing would be \u00a36.5bn for the month.<\/p>\n

Economists have suggested Reeves will announce spending cuts next week in order to meet her self-imposed rules for the economy, which the Treasury reiterated were “non-negotiable”.<\/p>\n<\/div>\n

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“We must go further and faster to create an agile and productive state that works for people,” said Darren Jones, chief secretary to the Treasury.<\/p>\n<\/div>\n<\/article>\n