Economists say Chancellor Rachel Reeves may have to raise taxes in the October Budget.

UK govt borrowing reached £151.9 billion in the year to March, exceeding the OBR forecast by £14.6 billion
It’s the third-highest borrowing level since 1947, behind only the Covid pandemic and the 2010 global financial crisis
Increased government cost, particularly on wages and benefits, contributed to the higher borrowing rise despite a rise in Treasury income.
Economists are concerned over the impact of US tariffs on UK economic growth, potentially worsening the strain on public finances
They say that taxes might have to be raised in the October Budget to bridge the gap

Sources

UK borrowing soars as business activity contracts at fastest rate for 2 years – FT
UK annual borrowing exceeds forecasts by almost £15bn in blow to Rachel Reeves – The Guardian
Government borrows almost £15bn more than expected – Sky News