UK’s Sunak faces new headache as borrowing figures overshoot forecast

LONDON: British government borrowing in the recently ended 2021/22 financial year was almost 20 percent higher than forecast by the country’s budget office last month, according to figures published on Tuesday.

The data underscored the challenge for finance minister Rishi Sunak who is under pressure to give new help to households and businesses hit by surging inflation, but who says he wants to fix the public finances after his COVID-19 borrowing surge.

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