UK borrowing jumps unexpectedly, adding to pressure on Rachel Reeves
Increase to £17.8bn is well above City forecasts and is highest December figure for four years
UK government borrowing jumped unexpectedly to £17.8bn last month, piling pressure on Rachel Reeves to plan budget cuts before a spending review in the summer.
The figure was about a quarter higher than the City had forecast and was up by £10.1bn more than in the same month a year earlier, making it the highest December borrowing for four years.
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Blow to Reeves as UK borrowing unexpectedly jumps
Borrowing - the difference between spending and tax revenue - was £17.8bn last month, putting more pressure on the chancellor.BBC News - 1h -
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