• UK public sector net borrowing was £7.2 billion, £0.9 billion less on year

Market news

21 December 2018

UK public sector net borrowing was £7.2 billion, £0.9 billion less on year

Borrowing (public sector net borrowing excluding public sector banks) in November 2018 was £7.2 billion, £0.9 billion less than in November 2017; this was the lowest November borrowing for 14 years (since 2004).

Borrowing in the current financial year-to-date (YTD) was £32.8 billion, £13.6 billion less than in the same period in 2017; the lowest year-to-date for 16 years (since 2002).

Borrowing in the financial year ending (FYE) March 2018 was £41.5 billion, £4.1 billion less than in FYE March 2017; the lowest financial year for 11 years (since FYE 2007).

Debt (public sector net debt excluding public sector banks) at the end of November 2018 was £1,795.1 billion (or 83.9% of gross domestic product (GDP)); an increase of £59.3 billion (unchanged at 83.9% of GDP) on November 2017.


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