UK Government Borrowing At 11-year Low

Image copyright Getty Images

Public sector borrowing in the April-to-June period fell to its lowest level since 2007, official figures show.

Borrowing for the financial year so far has reached £16.8bn, £5.4bn less than in the same period in 2017, the Office for National Statistics said.

June's borrowing figure fell to £5.4bn, which was down from £6.2bn a year ago but was slightly larger than expected.

Public sector net debt, excluding public sector banks, was £1,792.3bn, equivalent to 85.2% of GDP.

That is £33bn higher than a year earlier, but one percentage point lower as a percentage of GDP.