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Year-to-date borrowing lower than last year

This morning’s ONS data release estimates that borrowing in the first 11 months of 2023-24 was £106.8 billion, £4.6 billion below the same period last year. Borrowing in February was £8.4 billion, down £3.4 billion on the same month last year.

Line chart showing cumulative public sector net borrowing

Economic and fiscal outlook press briefing

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