Government borrowing in May hits highest since Covid

Government borrowing in May hit the highest since the Covid crisis but was lower than the UK's fiscal watchdog had forecast. Borrowing reached £15bn last month, which was £800m higher than May last year. It means that the public sector spent more than it received in taxes and other income, leading the government to borrow billions of pounds. It is the third highest figure for May since records began in 1993,…