Borrowing in the UK overshot forecasts by £3bn in July, causing a setback for Rachel Reeves ahead of her maiden Budget. The unexpected increase brings attention to the country’s economic challenges and the need for careful financial planning. The news highlights the ongoing cost of living crisis and the impact it has on government finances. With the FTSE 100 and global markets reacting to the news, investors are closely monitoring the situation for potential implications on the economy. Despite the setback, there is optimism that with strategic policies and informed decision-making, the economy can recover and stabilize. Stay tuned for more updates on the evolving economic landscape and its impact on businesses and consumers. For the latest news and analysis on government borrowing and economic developments, visit The Telegraph’s business section.
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Reeves faces £3bn setback as borrowing exceeds forecasts
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