The five fiscal challenges facing John Healey
New UK chancellor John Healey got early relief as June borrowing came in at £16 billion, below the OBR's £20.7 billion forecast, helped by tax receipts of £91.6 billion and debt interest falling to £11.3 billion. But borrowing for April-June still totalled £57.6 billion, £2.7 billion above forecast, leaving pressure on the autumn Budget.
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