Rather than the £45 billion estimated by the office for Budget Responsibility, in the tax year to March 2018 Britain borrowed £40.5 billion, the lowest since March 2007. Kicking off this tax year net borrowing in April was £1.6 billion, less than this time last year, and the lowest since April 2008. OBR estimates that in this tax year public sector borrowing will drop to £37.1 billion, a quarter of 2010’s peak.
To continue reading, register today
to enjoy limited access to the following:
- Daily trading news
- Funds coverage
- Features on big investment themes
- Comprehensive companies coverage
- Economic analysis