Government borrowing in November 2021 was £17.4 billion, down £4.9 billion on last November. Year to date borrowing of £136.0 billion is down 46 per cent on the same period last year and is £7.1 billion below our October forecast profile. That undershoot reflects stronger than expected receipts (thanks largely to a more resilient labour market) more than offsetting higher than expected spending.
December 21, 2021 – 255.47 KB
Latest news
Budget deficit continues to fall sharply
December 21st, 2021 | What's new, Monthly public finances release
Government borrowing in November 2021 was £17.4 billion, down £4.9 billion on last November. Year to date borrowing of £136.0 billion is down 46 per cent on the same period last year and is £7.1 billion below our October forecast profile. That undershoot reflects stronger than expected receipts (thanks largely to a more resilient labour market) more than offsetting higher than expected spending.
Commentary on the public sector finances – November 2021