The UK government's borrowing in June 2025 reached 20.7 billion, exceeding forecasts and highlighting growing pressures on public finances. Interest payments on national debt more than doubled to 16.4 billion, driven largely by inflation-linked bonds. This marks the second-highest June borrowing since records began in 1993, only surpassed in 2020 during the pandemic. The Office for Budget Responsibility's projections were also surpassed, fueling concerns about potential fiscal rule breaches without tax increases or spending cuts.
The interest payable on central government debt more than doubled to 16.4bn in June 2025, hitting a peak not seen since June 2022.
Borrowing jumped to 20.7bn in June 2025, significantly higher than the forecast of 16.5bn, contributing to increased pressure on public finances.
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