The latest data from the UK Office for National Statistics (ONS) found that public sector net borrowing, excluding borrowing in public sector banks, in December 2023 was £7.8 billion. That is about £8.4 billion less than was borrowed in December 2022 — and the lowest December borrowing since 2019.
Central government debt, according to ONS, was at £4 billion, £14.1 billion less than in December last year and the lowest December figure since 2020. The decline was largely due to