UK government borrowing lower than expected in June

Core point

Borrowing in the UK for June was reported at £16 billion, which is £7.9 billion lower than the same month last year. The unemployment rate remained unchanged at 4.9% during the March to May period. The government paid £11.8 billion in debt interest payments in June, marking a nearly one-third decrease from the previous year. However, this figure is still the fourth highest total for June on record.