UK undershoots annual borrowing target by £700m

But Iran war likely to blow hole in Rachel Reeves’s carefully crafted fiscal ‘headroom’ in coming monthsBusiness live – latest updatesThe UK government came in below its annual borrowing target by £700m, official figures show – but the Iran war is likely to blow a hole in Rachel Reeves’s carefully calculated fiscal “headroom” over the coming months.The government borrowed a…

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