UK public sector borrowing soars to £25.6bn

The figure was the second highest April borrowing level since monthly records began in 1993, the ONS said. This sum was nearly £12bn greater than April 2022's figure and sits behind April 2020's record figure of £49.1bn. IMF: UK expected to avoid recession in 2023 The ONS explained public sector borrowing consists of current budget deficits and capital expenditure (also known as net investment). These components sat at £19.4bn and £6.2bn, respectively - a £10.1bn increase for budget deficits and £1.8bn rise for capital expenditure compared to April 2022. Central government forms...