UK Public Sector Net Borrowing Exceeds Forecasts in May as PM Starmer Set to Resign Monday

According to Capital Economics economist Thomas Mathews, incoming UK leadership will face the same fiscal pressures confronting the country today. The UK public sector net borrowing in May exceeded forecasts from the Office for Budget Responsibility (OBR). Prime Minister Keir Starmer is expected to resign on Monday, June 23. Mathews noted that the government has limited room to increase spending without triggering bond market turbulence.
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