U.K. public sector net borrowing, excluding the temporary effects of financial interventions, increased to GBP 17.9 billion in May from GBP 15.2 billion a year ago, the Office for National Statistics said Tuesday. Borrowing was higher than an expected GBP 14.8 billion.
At the same time, net debt at the end of May totaled GBP 1013.4 billion, equivalent to 65 percent of GDP. This compares with a level of 61.3 percent of public debt during the same period of last year.
The central government net cash requirement was GBP 13.3 billion, a GBP 2.5 billion higher net cash requirement than in May 2011.
Including intervention, PSNB came in at GBP 15.6 billion compared to GBP 12.3 billion in the prior year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.