Government Borrowing Higher Than Expected in April The latest figures from the Office for National Statistics show that the UK government borrowed £24. 3 billion in April, exceeding the £20.
9 billion predicted by the Office for Budget Responsibility. This is the highest level of borrowing since the Covid pandemic in 2020 and raises concerns about the government's fiscal management.
A significant contributor to this increase was a surge in spending on benefits, primarily due to inflation linked increases and earnings linked rises to the state pension.