ONS reveals a glimmer of hope for public finances

By Michael Burton | 25 May 2021

There was a glimmer of light for the public finances with latest figures showing Government borrowing last month was £15.6bn lower than in April last year.

Borrowing for the whole financial year ending March 2021 is estimated to have been £300.3bn, revised down by £2.8bn from last month’s first provisional estimate but still the highest borrowing since 1946.

It is also £27.1bn less than the £327.4bn expected by the Office for Budget Responsibility in March as the economy has picked up faster than expected.

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