UK Government Borrowing Falls More Than Expected

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Public sector borrowing fell to £5bn in May, down £2bn from a 12 months earlier, official figures present.

The fall was larger than expected and brings borrowing for the monetary 12 months so far to £11.8bn, £four.1bn much less than in the identical interval in 2017.

At the identical time, the Office for National Statistics (ONS) revised down its determine for government borrowing in 2017-18 to £39.5bn.

The complete was the bottom annual stage of borrowing in 11 years.