UK borrowing surges over forecasts in May as government spending rises – business live (opens in new tab)

Rolling coverage of the latest economic and financial newsEmeritus professor Joe Nellis, economic adviser at MHA, warns that the UK public finances are “not in comfortable territory”, after borrowing jumped by £5.4bn year-on-year last month:Public sector net borrowing came in at £23.3bn in May, showing the continuing pressure on the UK’s public finances and the difficult choices that lie ahead for the government and the Treasury for the rest of this financial year.Borrowing in May was only sl...