UK Government Borrowing Fell in 2012-2013
- OurStudio
- Jul 19, 2013
- 1 min read
Government borrowing fell in the 2012-13 fiscal year after all, the latest official estimate suggests.
Public sector net borrowing, excluding the cost of interventions such as the Royal Mail pension transfer, was revised down to £116.5bn.
It means that total borrowing actually fell, by £2.1bn, from the year before, contrary to a previous estimate in May.
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