Borrowing in the first half of 2019-20 was revised down by £5.2 billion, thanks to lower central government spending and lower local authority borrowing. But it rose by £2.3 billion on a year earlier in October alone. That leaves the year-to-date deficit up £4.3 billion on the same period last year – a 10 per cent rise, down from the 22 per cent first-half rise reported last month.
November 21, 2019 – 297.24 KB
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Borrowing up £4.3 billion so far in 2019-20
November 21st, 2019 | What's new, Monthly public finances release
Borrowing in the first half of 2019-20 was revised down by £5.2 billion, thanks to lower central government spending and lower local authority borrowing. But it rose by £2.3 billion on a year earlier in October alone. That leaves the year-to-date deficit up £4.3 billion on the same period last year – a 10 per cent rise, down from the 22 per cent first-half rise reported last month.
Commentary on the public sector finances – October 2019