| UK budget deficit narrowed in November as the interest payable on government debt dropped, while tax receipts increased from a year ago, the Office for National Statistics said on Friday. Public sector net borrowing dipped GBP 3.4 billion to GBP 11.2 billion in November. This was the lowest November borrowing since 2021. Tax receipts rose by GBP 3.2 billion from the last year to GBP 81.5 billion in November while total expenditure fell by GBP 0.2 billion to GBP 88.2 billion. The interest payable on central government debt came in at GBP 3.0 billion, marking a decrease of GBP 4.7 billion compared with November, and also marked the lowest November figure since November 2019. Powered by Commodity Insights |