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-EconomyBorrowing

Annual Government borrowing drops unexpectedly to lowest in three years

The latest snapshot of the UK public finances is encouraging but scratch below the surface and the picture still remains fragile. Borrowing for March came in £1.4 billion lower than a year earlier and the lowest for the month since 2022. Given that it indicates some more stabilisation in the government finances, helped by a stronger-than-expected inflow of revenues, it will come as welcome relief for Chancellor Rachel Reeves.