{
  "$type": "site.standard.document",
  "bskyPostRef": {
    "cid": "bafyreifjg22tsies3lll26mm7yv6q2gzdfc7dytn63cvvor27mk7qxi52m",
    "uri": "at://did:plc:nnaxwirbqywidimahadp42bj/app.bsky.feed.post/3mmgd7qutfpe2"
  },
  "path": "/rachel-reeves-sees-borrowing-spike-as-benefits-spending-offsets-tax-haul/",
  "publishedAt": "2026-05-22T06:14:45.000Z",
  "site": "https://www.cityam.com",
  "tags": [
    "Business",
    "Economics",
    "Markets",
    "Politics",
    "[...]"
  ],
  "textContent": "Rachel Reeves oversaw a surge in borrowing in the first month of the financial year as April’s figures hit the highest since 2020 on higher benefit spend. Government borrowing – which marks the difference between total public sector spending and income – topped £24.3bn in April 2026, according to the Office for National Statistics (ONS). [...]",
  "title": "Rachel Reeves sees borrowing spike as benefits spending offsets tax haul"
}