UK government borrowing falls but Iran war clouds economic outlook
UK government borrowing fell by £19.8 billion to £132 billion in the year to March 2026, according to the Office for National Statistics (ONS).This borrowing level is the lowest since before the Covid-19 pandemic, with March borrowing at £12.6 billion, the lowest March figure since 2022.Despite this improvement, analysts warn that the outlook for UK public finances is uncertain due to the ongoing Iran war and its impact on energy prices.The International Monetary Fund (IMF) has predicted that the UK will be the hardest hit among advanced economies by the energy shock resulting from the conflict.Ruth Gregory, deputy chief UK... [Continue Reading]
360LiveNews | 23 Apr 2026 08:31 LONDON
