UK reports unexpected deficit of £1.8bn as John Healey prepares for first budget
OMEGAZEPRIME News
This story was selected and curated by our editorial team in the Budget category. Published on August 21, 2026 • Originally reported by Heather Stewart Economics editor. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
This story was selected and curated by our editorial team in the Budget category. Published on August 21, 2026 • Originally reported by Heather Stewart Economics editor. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
July data shows total public debt was £2.98tn, or 94% of GDP – up £96bn on a year earlier
The UK government ran a larger than expected £1.8bn deficit in July, underlining the challenges facing the chancellor, John Healey, as he draws up his first budget.
City economists had expected a shortfall of zero for July, a month when Treasury receipts tend to be swollen by self-assessment income tax payments.
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