The UK government borrowing remained below the official estimate in the financial year to February period, data from the Office for National Statistics showed on Tuesday.
In the financial year-to-February, public sector net borrowing excluding banks totaled GBP 138.4 billion, the third-highest financial year-to-February borrowing since monthly records began in 1993.
But this was GBP 25.9 billion less than the official Office for Budget Responsibility forecast. The OBR estimated that borrowing could reach GBP 183.0 billion in financial year ending 2022.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.