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UK govt's tax cut plans hit as March borrowing comes in higher-than-expected

By Frank Prenesti

Date: Tuesday 23 Apr 2024

(Sharecast News) - UK government borrowing overshot forecasts in March, producing a budget deficit that was £6.6bn higher than expected, official data revealed on Tuesday, damaging plans for a pre-election tax cut by Finance Minister Jeremy Hunt.
Public sector net borrowing, excluding state-controlled banks, came in at £12bn in March, the...

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