Borrowing Costs Soar Amid Economic Storms The UK's public sector borrowing figures for April have sent a stark warning signal to the government: the economic outlook is deteriorating. The £24.
3 billion borrowing total was not only the highest for April since the COVID 19 pandemic but also significantly higher than expected.
Analysts attribute the surge in borrowing costs to inflation linked increases to benefits, a record high debt interest payment of £10. 3 billion, and rising energy prices.