UK Borrowing Falls in First Public Finances Data Since Budget
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000UK Economy:UK government borrowing fell in November as the economy continued to generate healthy tax receipts and debt costs declined, a modest boost for Chancellor of the Exchequer Rachel Reeves weeks after she unveiled a difficult budget. The budget deficit stood at £11.7 billion ($15.7 billion) — £1.9 billion less than a year earlier, the Office for National Statistics said Friday. It was the lowest borrowing for the month since 2021, though above the median £10 billion forecast by economists.