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UK's borrowing highest since 2015, burdens economy

UK's borrowing highest since 2015, burdens economy
The Office for National Statistics in United Kingdom explains that in June 2019, the public sector spent more money than it received in taxes and other income, resulting in borrowing £7.2bn which is highest since 2015.

The ONS says central government receipts in June 2019 increased by £800m, while total central government expenditure increased by £4.3bn.

Since there was a notable increase in expenditure on goods and services, the borrowing amount also surged, resulting in rise of debt repayments by £2.1bn.