View more on these topics

UK Government borrowing dips to £120.6bn

George Osborne 450

The UK Government borrowed £0.3bn less in 2012/13 than it did in the previous year, according to figures from the Office for National Statistics.

In the financial year to April 2013, the UK Government borrowed £120.6bn, down from £120.9bn in 2012.

The UK Government, which is aiming to eliminate the budget deficit by 2017/18, borrowed £15.1bn in March 2013.

This has fallen from £16.7bn in March 2012, which does not include interventions such as bank bailouts, according to the ONS.

The ONS also revealed that public sector net debt is now approximately 75.4 per cent of GDP, up from 71.8 per cent last year.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm