The Government preceded more than expected in the year to March due to a higher salary expense and benefits, chord to official figures.
Loans, the difference between the expense and income of taxes, was £ 151.9 billion in the year until March, up to £ 20.7 billion of the previous year.
The amount that Borred was much higher than the £ 137.3 billion predicted for the official forecast of the United Kingdom.
The National Statistics Office (ONS), which published the figures, said that loans for the financial year were the highest registered third parties.
“Despite a substantial impulse in income, spending increased more, largely due to inflation -related costs, including the greatest salary and benefits increases,” said Grant Fitzner, chief economist of the ONS.
He added at the end of the financial year, the debt remained “near the annual value of the production of the economy, at the last time seen in the early 1960s.”
The highest loan figures occur when Foreign Minister Rachel Reeves will attend the annual IMF meetings and the World Bank in Washington.
On Tuesday, the IMF said that the United Kingdom’s economy would grow less than previously planned, 1.1% in 2025 instead of 1.6%, partly due to the world consequences of the United States commercial tariffs.
The ONS said that only in March, the loans were £ 16.4 billion, which marked the third highest March loan since the monthly records begged in 1993.
The highest loans have led some economists to suggest cost cuts and tax increases could be on their way, if Foreign Minister Gallina adheres to their self -imposed indebtedness rules.
“Reeves may not be too far from having to raise money again in the autumn budget, reducing spending and/or collecting taxes, to comply with its fiscal rules,” said Ruth Gregory, deputy director of Economics of the United Kingdom, in Capital Economics.
Darren Jones, main secretary of the Treasury, said that the government “would never play quickly and loose with public finances” and reiterated that the rules on loans were not “not negotiable.”
“That is why our fiscal rules are not negotiable and why we are going through each penny or money from the worn taxpayers, line per line, for the first time in 17 years to start the waste,” he added.
However, the Secretary of Business of the Shadow, Andrew Griffith, described the figures “Grim”.
“Combined with IMF growth sales yesterday, they show that you can’t spend your path to prosperity,” he said. “Only companies create jobs and growth, but this government is raising taxes, accumulating more bureaucracy and attacking the creators of wealth.”
