Tax & Spend

UK Budget Deficit Overshot Forecast Even Before Tariffs Hit

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By Andrew Atkinson and Tom Rees

April 23, 2025 at 2:11 AM EDT

Updated on

April 23, 2025 at 3:08 AM EDT

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UK government borrowing exceeded official forecasts made just last month, highlighting the fragile state of the public finances even before US tariffs dimmed the economic outlook.