- Public sector net borrowing in the U.K. declines by £0.3 billion in April
Market news
24 May 2016
Public sector net borrowing in the U.K. declines by £0.3 billion in April
The Office for National Statistics released public sector net borrowing for the U.K. on Tuesday. The UK public sector net borrowing requirement (PSNB) was £6.58 billion in April, exceeding forecasts of £6.2 billion, up from £6.11 billion in March. March's figure was revised up from £4.16 billion.
Public sector net borrowing excluding banks declined by £0.3 billion to £7.2 billion in April 2016 compared with April 2015.
The debt-to-gross domestic product ratio rose to 83.3% in April.
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