UK government borrowing in the three months to June 2025 was £57.8 billion — £7.5 billion more than in the same three-month period of 2024 and the third-highest April to June borrowing since monthly records began.

That’s according to the UK’s Office for National Statistics (ONS), which said UK public sector net debt (PSND ex) now stands at more than £2.874 trillion. PSND ex stood at 96.3% of UK GDP at the end of June.

Borrowing in June alone was £20.7 billion — £6.6 billion more than in June 2024 and the second-highest June borrowing since monthly records began, the ONS said.

Interest payable on UK central government debt was £16.4 billion in June, “largely because the interest payable on index-linked gilts rises and falls with the Retail Prices Index.” This was £8.4 billion more than in June 2024 and the second-highest June central government interest payable since monthly records began, the ONS said.

“We have increased our estimate of public sector net debt (PSND ex) at the end of May 2025 by £7.1 billion to £2,874.5 billion, since publishing our Public sector finances, UK: May 2025 bulletin,” said the ONS.

“This change was mainly because of regular updates to Bank of England data published a month in arrears.”

UK central government current receipts were £86.8 billion in June, £5.7 billion more than in June 2024 — but central government current expenditure was provisionally estimated as £97.1 billion in June 2025, £12.4 billion more than in June 2024.

“Recent U-turns on welfare and persistent growth headwinds could open a gap against fiscal targets, which could require further tax rises or spending cuts in the Autumn Budget,” said Dennis Tatarkov, senior economist at KPMG UK.