Economics
UK borrows less than expected in June but public finances remain a challenge
Public finances for last month were better than expected but the UK is carrying major debt.
The United Kingdom's borrowing in June was lower than anticipated, though the nation's public finances continue to present difficulties.
John Healey, the newly appointed Chancellor of the UK.
fiscal policycost of livinguk governmentgovernment borrowinglabour marketuk public financeseconomic outlookinterest rates