21st Aug 2025 07:19
(Alliance News) - UK public sector net borrowing fell to around GBP1 billion in July, the Office for National Statistics reported on Thursday.
Net borrowing, the difference between total public sector spending and income, was GBP1.05 billion in July, below the FXStreet-cited market consensus estimate of GBP1.9 billion.
The July figure was "GBP2.3 billion less than in July 2024 and the lowest July borrowing for three years," the ONS noted.
It was significantly below June net borrowing of GBP22.56 billion, which was revised upwards from GBP20.68 billion.
Borrowing in the financial year from April to July was GBP60.0 billion, the ONS reported. This was GBP6.7 billion more than in the same four month in 2024, "and the third-highest April to July borrowing since monthly records began, after those of 2020 and 2021".
Also for the financial year so far, the total current budget deficit was GBP42.8 billion, up by GBP5.4 billion from the prior year.
By Emma Curzon, Alliance News reporter
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