Borrowing fell by just £33 million in April compared with last year, despite a £0.8 billion special dividend received on RBS shares. After the sharp drop in borrowing in 2018-19, we expect a small rise this year due to tax and spending giveaways. The 2018-19 outturn was revised down by £1.1 billion this month and is now just £0.7 billion above our March forecast.
- Coronavirus analysis
- Economic and fiscal outlook
- Fiscal sustainability report
Long-term projections of the UK public finances and public sector balance sheet analysis.
- Forecast evaluation report
Report into how our forecasts compare to subsequent outturn data and identifying lessons for future forecasts.
- Welfare trends report
An in-depth look at the drivers of welfare spending both inside and outside the Government’s welfare cap.
- Fiscal risks report
A report published every two years on the main risks to the public finances.
- Monthly public finance release
Our monthly commentary on the latest public finances data and how it compares to our most recent forecast.
- All other publications
In-depth discussion and technical papers, devolved tax forecasts, press releases and disclosures.
Five year forecasts for the UK economy and public finances and an assessment of whether the Government is likely to achieve its fiscal targets.