Borrowing continues to fall while the reclassification of English housing associations' debt from the public to the private sector from November knocks £300m a month off public sector debt, according to the latest figures.

Public sector net borrowing decreased by £3.1bn to £48.1bn in the current financial year-to-date (April 2017 to November 2017) compared with the same period in 2016 - the lowest year-to-date net borrowing since 2007.