UK borrowed a higher than expected £14.3bn in February
Figure comes as Middle East war threatens to hit the outlook for the public finances
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UK borrowed a higher than expected £14.3bn in February on x (opens in a new window) UK borrowed a higher than expected £14.3bn in February on facebook (opens in a new window) UK borrowed a higher than expected £14.3bn in February on linkedin (opens in a new window) UK borrowed a higher than expected £14.3bn in February on whatsapp (opens in a new window) Save UK borrowed a higher than expected £14.3bn in February on x (opens in a new window) UK borrowed a higher than expected £14.3bn in February on facebook (opens in a new window) UK borrowed a higher than expected £14.3bn in February on linkedin (opens in a new window) UK borrowed a higher than expected £14.3bn in February on whatsapp (opens in a new window) Save Valentina Romei Published March 20 2026 Jump to comments section Print this page Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK borrowed a higher than expected £14.3bn in February, according to official figures that are set to be overshadowed by the threat to the public finances from the Middle East war. The shortfall between government spending and income was £2.2bn higher than in the same month a year ago and far above the £8.5bn forecast by economists polled by Reuters. February’s figure was driven by the timing of debt interest payments and higher spending, which offset an increase in revenues in the month, the Office for National Statistics said on Friday. The surge in energy prices unleashed by the Middle East war has pushed up UK borrowing costs amid fears of a prolonged inflation shock. According to the ONS data, borrowing for first 11 months of the fiscal year that began in April was £125.9bn, down 8.7 per cent from the same period a year earlier, as tax receipts increased. Responding to the figures, chief secretary to the treasury James Murray said: “We have the right economic plan. Because of the choices we made before the conflict in the Middle East began, we a...
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