U.K. borrowing surpasses forecast by £7.7 billion, John Redwood warns

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U.K. borrowing surpasses forecast by £7.7 billion, John Redwood warns — U.K. borrowing beats forecast by £7.7 billion

John Redwood highlights new figures showing U.K. government borrowing has exceeded the Office for Budget Responsibility forecast by £7.7 billion over two months.

He asserts that excessive and wasteful spending must be addressed. Redwood further argues that proposals for increased borrowing, such as those from Andy Burnham, could result in higher interest bills and raise the risk of a bond market crisis.

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Redwood previously cited the OBR’s revised 2026 U.K. GDP growth forecast of 1.1% and higher unemployment projections following Labour’s tax changes. He has also raised concerns about the financial impact of rumored deep fee discounts for EU students at U.K. universities. Both topics reflect his continued focus on the fiscal implications of policy decisions.

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