Chancellor Rachel Reeves is facing further challenges ahead of her first Budget this autumn after official figures revealed government borrowing jumped by far more than expected last month.The Office for National Statistics (ONS) said public sector net borrowing stood at £3.1 billion last month - £1.8 billion more than a year ago and the highest July borrowing since 2021.

Chancellor Rachel Reeves is facing further challenges ahead of her first Budget this autumn after official figures revealed government borrowing jumped by far more than expected last month.The Office for National Statistics (ONS) said public sector net borrowing stood at £3.1 billion last month - £1.8 billion more than a year ago and the highest July borrowing since 2021.