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Updated · BBC.com · Apr 23UK Borrowing Drops to Three-Year Low but Iran War Threatens Outlook
53 articles · Updated · BBC.com · Apr 23
- UK government borrowing fell to £132bn in the year to March, the lowest level in three years.
- The figure was £19.8bn lower than last year and slightly below the Office for Budget Responsibility's forecast.
- However, analysts warn borrowing could rise again due to the economic impact of the Iran war and higher energy prices.
Will the Iran conflict force the UK to abandon its long-term debt reduction goals? With growth forecasts slashed, what can the government do to prevent a deep recession? Is the Chancellor's fiscal 'headroom' an illusion in the face of a global crisis? How will the UK's economic turmoil affect its standing on the global stage? Could this energy crisis actually accelerate the UK's shift to renewable sources? How can households protect their finances as energy bills and mortgage rates surge?