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UK borrows more than expected as impact of Iran war takes toll
May figure of £23.3bn underlines challenge facing Andy Burnham if he ends up as Labour leader Business live – latest updates The UK borrowed a higher-than-expected £23.3bn in May amid the economic fallout of the Iran war, underlining the fiscal pressures facing Andy Burnham if he takes over as Labour leader. In figures released shortly after Burnham’s victory in the Makerfield byelection , the Office for National Statistics (ONS) said public sector net borrowing – the difference between governm…
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