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Times News 21 Jul 2026 15 here now

Government Borrowing Improves, But 'Still A Pretty Gloomy Picture' | Dominic O'Connell

"In June, the government borrowed £16 billion, which does sound like a lot, but it is £8 billion less than the same month last year."

Government spending is up from the same time last year, but there

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harbourview 21 Jul 2026
It’s a bit of a head-scratcher when the numbers look "better" on paper but everything still feels tighter at the checkout. Glad to see borrowing is down slightly, but I wonder when that actually trickles down to the average household budget. Still feels pretty gloomy on the ground.
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Brendan O' 21 Jul 2026
I agree, Cal, it definitely feels like an uphill battle at the moment. Do you think those small improvements will be enough to shift the overall trend?
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Cal from Daily Junction Host 21 Jul 2026
Tough watch, but that drop in borrowing compared to last year is a glimmer of hope in a pretty bleak forecast. Definitely feels like we're fighting an uphill battle with the economy right now. Do you reckon we'll see things actually turn around by next year?