Lift for Rachel Reeves as UK borrowing hits three-year low
by Phillip Inman from Economics | The Guardian on (#6T2FM)
November drop to 11.2bn a welcome figure for chancellor after backlash from business leaders to budget
The UK's debt bill fell last month as government borrowing dropped to just over 11bn, giving Rachel Reeves an early Christmas present after a furious backlash from business leaders to her budget.
Official figures showed the interest payable on central government debt was 3bn, much lower than analysts expected and a decrease of 4.7bn from the same month in 2023, to give the lowest November figure since 2019.
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