The ONS release this morning shows borrowing in the first eight months of 2023-24 totalled £116.4 billion, £24.4 billion above the same period last year. In the remainder of the year, we expect borrowing to rise more slowly than last year due primarily to stronger receipts.
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So far this year public sector borrowing remains higher than last year
21 December 2023 | Monthly public finances release
The ONS release this morning shows borrowing in the first eight months of 2023-24 totalled £116.4 billion, £24.4 billion above the same period last year. In the remainder of the year, we expect borrowing to rise more slowly than last year due primarily to stronger receipts.
Commentary on the public sector finances – November 2023