Key Takeaway
Figure of £16bn from ONS comes after new prime minister revealed plans to cut VAT on electricity billsBusiness live – latest updatesThe UK government borrowed less than expected in June, in a boost for Andy Burnham as he set out plans to cut VAT on household electricity bills and promised a new direction for the British economy. The Office for…
Published July 21, 2026 · Category: News
Overview
Figure of £16bn from ONS comes after new prime minister revealed plans to cut VAT on electricity bills
The UK government borrowed less than expected in June, in a boost for Andy Burnham as he set out plans to cut VAT on household electricity bills and promised a new direction for the British economy.
Details
The Office for National Statistics (ONS) said public sector net borrowing – the difference between government spending and income – was £16bn last month, £7.9bn less than in June 2025.
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Source
Originally published at www.theguardian.com.
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Frequently Asked Questions
What is "UK borrows less than expected in June in boost for Burnham" about?+
Figure of £16bn from ONS comes after new prime minister revealed plans to cut VAT on electricity billsBusiness live – latest updatesThe UK government borrowed less than expected in June, in a boost for Andy Burnham as he set out plans to cut VAT on household electricity bills and promised a new direction for the British economy.The Office for National Statistics (ONS) said public sector net borrowing – the difference between government spending and income – was £16bn last month, £7.9bn less than
Who reported this story?+
This story was reported by The Guardian World.