UK Public Borrowing

The public finances improved notably in November but the economy is still on course to slow again for the 2018 year, according to economists.

Data from the ONS confirms the U.K. government was forced to borrow more money in October than anticipated, drawing questions on just how well the Government's deficit reduction programme is going.

U.K. government borrowing fell its lowest September level for the 11 years last month, according to Office for National Statistics data released Friday, taking total borrowing for the year-to-date down to its lowest since 2002.

Chancellor Hammond can afford to ease off on austerity without endangering his medium-term fiscal targets say PwC.

Latest stats show the UK government continuing its recent thrift into Q1.

UK Chancellor will welcome news that tax income was greater than government expenditure in January.

UK public sector net borrowing (excluding public sector banks) was in surplus by £0.2 billion in July 2017, the first July surplus since 2002, report the Office for National Statistics. The consensus forecast was for a £1bn deficit so this is certainly a positive surprise.