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UK borrowing jumps to £23.3bn as finance warning grows

UK borrowing jumps to £23.3bn as finance warning grows

UK borrowing rose to £23.3bn in May, nearly a third higher than a year earlier, adding pressure as debt interest and spending climbed.

 ECB and Bank of England expected to hold rates as inflation shock clouds outlook

ECB and Bank of England expected to hold rates as inflation shock clouds outlook

The ECB and Bank of England are expected to keep rates unchanged Thursday as the Iran war pushes inflation higher and weakens growth signals.