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UK borrowing for 2021/22 revised down by 7 billion pounds

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Reuters UK

By David Milliken LONDON (Reuters) -British public borrowing for the last financial year was revised down by more than 7 billion pounds on Tuesday, giving the government some extra leeway as it considers how much more relief to provide in the cost of living crisis. Finance minister Rishi Sunak is under growing political pressure to do more to help those hardest hit by a surge in inflation to its highest in 40 years – possibly funded by a windfall tax on energy companies’ bumper profits. “The downward revisions to borrowing in 2021/22 will only add to the pressure on the chancellor to go big wh…

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