FINANCE

Borrowing lowest since recession

Borrowing continues to reduce and is at its lowest since just before the recession, but total debt continues to rise, according to latest public finance figures.

Borrowing continues to reduce and is at its lowest since just before the recession, but total debt continues to rise, according to latest public finance figures.

Public sector net borrowing (excluding the nationalised banks) decreased by £100m to £16.1bn in the current financial year-to-date (April 2017 to May 2017), compared with the same period in 2016. 

Michael Burton

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