UK Borrowing Drops in Boon for Reeves But War Headwinds Gather
Borrowing drops but headwinds gather; Sainsbury’s warns on profits
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Morning, I’m Louise Moon from Bloomberg UK’s breaking news team, bringing you up to speed on today’s top business stories.
So far, so good. Government borrowing dropped to the lowest level in three years last month, with a budget deficit of £12.6 billion, according to the ONS.