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UK public sector borrowing was higher than expected last month, but shrunk on year, numbers on Friday showed. According to the Office for National Statistics, net borrowing amounted to £11.65 billion in November, falling from £13.55 billion a year prior and £21.19 billion in October. It was the lowest November borrowing figure since 2021, the ONS said. However, it topped an FXStreet cited forecast of £10.2 billion. Borrowing in the financial year to-date totalled £132.3 billion, up 8.2% over the same eight-month period a year prior. It is the second-chunkiest borrowing figure for that stretch, topped only by 2020. ‘The current budget deficit - borrowing to fund day-to-day public sector activities - was £5.6 billion in November 2025; this brings the total current budget deficit in the financial year to November 2025 to £93.0 billion, which is £7.0 billion (or 8.1%) more than in the same eight-month period of 2024,’ the ONS said. Public sector net debt excluding public sector banks, was estimated at 95.6% of gross domestic product at the end of last month, 0.3 percentage points higher on-year, still sitting at ‘levels last seen in the early 1960s’ according to the ONS. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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