Image from bbc.co.uk
UK Borrowing in November Hits Lowest Level in Four Years Despite Annual Increase
L 10%
C 85%
R
UK borrowing in November was £11.7bn, exceeding analysts' forecast of about £10bn. Despite this, the November borrowing figure is £1.9bn lower than the same month last year, marking the lowest November borrowing in four years. This reduction is mainly attributed to higher receipts from taxes and National Insurance contributions. However, borrowing for the year to November totaled £132.3bn, which is £10bn higher than the same point last year.
Sources
* This article has been summarised using Artificial Intelligence and may contain inaccuracies. Please fact-check details with the sources provided.