Database
Policy measures
Our policy measures database collates tax measures from 1970, and spending measures from June Budget 2010. Search for a particular fiscal event, policy, or type of measure in this large database.
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Falling budget deficit continues to undershoot forecast
Government borrowing in May 2021 was £24.3 billion, down over 40 per cent from last year. And year-to-date borrowing of £53.4 billion is £14.1 billion below our March forecast profile. More than a third of that reflects differences in the timing of EU divorce bill payments. But lower spending and moderately stronger receipts growth mean that two months into 2021-22, the underlying outperformance of borrowing relative to forecast is £8.6 billion.
