Despite rising in August, borrowing in the first five months of 2018-19 was almost a third lower than in the same period last year. On a like-for-like basis receipts growth has so far outpaced our full-year March forecast, while debt interest spending is already down £2.2 billion on last year.
Category Archive: Monthly public finances release
Year to date borrowing continues to fall
21 September 2018
Despite rising in August, borrowing in the first five months of 2018-19 was almost a third lower than in the same period last year. On a like-for-like basis receipts growth has so far outpaced our full-year March forecast, while debt interest spending is already down £2.2 billion on last year.