Institution: UK Economic Growth Remains Weak as Government Borrowing Continues to Rise

```htmlGolden Ten Data reported on May 22 that the UK’s public sector net borrowing in April increased to £24.3 billion, up 25% year-on-year. Quilter Cheviot investment manager Richard Carter stated in a report that government borrowing continues to rise due to sluggish economic growth. He pointed out that public finance data released on Friday show that the UK economy still relies on investors to help fund investments and daily expenditures. Carter said that the UK’s high government borrowing costs are expected to worsen its weak public finance situation.```