UK borrows less than expected in June in boost for Burnham
The UK economy has shown signs of resilience in recent months. Photograph: Hollie Adams/ReutersView image in fullscreenThe UK economy has shown signs of resilience in recent months. However, with spending pressures looming, Healey could be forced to consider tax increases or other measures to help finance the new prime minister’s agenda for the economy.It comes with bond markets finely poised amid expectations Burnham could run a looser approach to the public finances than Starmer and Reeves.
- ▪The UK economy has shown signs of resilience in recent months.
- ▪Photograph: Hollie Adams/ReutersView image in fullscreenThe UK economy has shown signs of resilience in recent months.
- ▪However, with spending pressures looming, Healey could be forced to consider tax increases or other measures to help finance the new prime minister’s agenda for the economy.It comes with bond markets finely poised amid expectations Burnham
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| Original publisher | The Guardian — Politics |
| Canonical URL | https://www.theguardian.com/business/2026/jul/21/uk-borrowing-june-andy-burnham-ons-vat-electricity-bills |
| Publication time | Tue, 21 Jul 2026 06:46:06 GMT |
| Retrieval time | 2026-07-21T07:02:03.970Z |
| Last seen | 2026-07-21T07:02:03.970Z |
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| Summary source text | contentText |
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The UK economy has shown signs of resilience in recent months. Photograph: Hollie Adams/ReutersView image in fullscreenThe UK economy has shown signs of resilience in recent months. Photograph: Hollie Adams/ReutersGovernment borrowingUK borrows less than expected in June in boost for BurnhamFigure of £16bn from ONS comes after new prime minister revealed plans to cut VAT on electricity bills Business live – latest updates Richard Partington Senior economics correspondentTue 21 Jul 2026 02.46 EDTLast modified on Tue 21 Jul 2026 02.48 EDTSharePrefer the Guardian on GoogleThe UK government borrowed less than expected in June, in a boost for Andy Burnham as he set out plans to cut VAT on household electricity bills and promised a new direction for the British economy.The Office for National…
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