Home » Currency Note » Currency Note » Currency Note GBP » GBP: Borrowed time

The UK government borrowed more last month and over the course of the last year than had been expected. UK borrowing over 2023/24 was £6.6bn more than the Office for Budegtary Responsibility (OBR) forecast, a bad sign for the nation’s finances and an even worse one for Jeremy Hunt, who is widely thought to be looking to cut taxes further.

GBP/USD: the past year                   

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