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Public sector net borrowing rose sharply in June because of higher debt interest payments and rising spending on services, figures show. It totalled £7.2bn, according to the Office for National Statistics , up from £3.3bn in June 2018. It was the highest June borrowing figure since 2015, the ONS said. Analysts said the figures would add to the uncertainty surrounding the UK economy in the run-up to Brexit and the imminent change of prime minister. "The outlook for fiscal policy was already uncertain because of the extension of Brexit until 31 October, in addition to the imminent change of Conservative leader and prime minister," said the EY Item Club. "Much will depend on whether the econ... Full story

19 July