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Some (small) good news for the govt on public finances this morning: borrowing at the start of the 2025-26 is a little below the Office for Budget Responsibility's forecast (although is up on last April at £20.2bn); and Office for National Statistics (ONS) has revised down 2024-25's huge borrowing number from £151.9bn to £148.3bn.

May bounce back in the UK PMI from trade-uncertainty-driven fall in April will be welcome for the government. But level remains weak (and consistent with the economy contracting in May). Simon Pittaway has all the details here:

At the launch of Ben Chu’s excellent and insanely timely book (Exile Economics) here at Resolution Foundation. Looking forward to hearing from Allie Renison (and of course Ruth Curtice!).

We're now officially in the Spending Review run-in (finally, with less than 2 weeks to go...). So really looking forward to this event which will bring together the economics and politics of this key event for the government. Do sign up.

New Resolution Foundation piece looking forward to next week's pivotal Spending Review: resolutionfoundation.org/publications/m… (with Ruth Curtice).

With the Spending Review now a week away, JamesSmithRF and Ruth Curtice break down five things to look out for next week: buff.ly/BLx1kng

In case not seen, the Bank of England is holding a conference on its work on the Bernanke review on 26th June. bankofengland.co.uk/events/2025/ju…