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Public sector finances, UK: February 2024
Public sector net borrowing excluding public sector banks (borrowing) was £8.4 billion in February 2024, £3.4 billion less than in February 2023. Borrowing in the financial year-to-February 2024 was £106.8 billion, £4.6 billion less than in the same eleven-month period a year ago, and the lowest for four years in nominal terms. Public sector net debt excluding public sector banks (debt) was £2,659.4 billion at the end of February 2024, £157.4 billion more than at the end of February 2023. Debt was provisionally estimated at around 97.1% of the UK's annual gross domestic product (GDP) at the end of February ... (full story)