Public sector net borrowing (excluding public sector banks) in the latest full financial year (April 2017 to March 2018) was £39.5 billion; that is, £6.2 billion less than in the previous financial year (April 2016 to March 2017) and £5.7 billion less than official (Office for Budget Responsibility) expectations; this is the lowest net borrowing since the financial year ending March 2007.

Public sector net borrowing (excluding public sector banks) in the current financial year-to-date (April 2018 to May 2018) was £11.8 billion; that is, £4.1 billion less than in the same period in 2017; this is the lowest year-to-date (April to May) net borrowing since 2007.

Public sector net debt (excluding public sector banks) was £1,781.4 billion at the end of May 2018, equivalent to 85.0% of gross domestic product (GDP), an increase of £44.7 billion (or a decrease of 0.4 percentage points as a ratio of GDP) on May 2017.