The UK public sector net borrowing decreased in the year ended March, but remained the third-biggest on record, the Office for National Statistics said on Tuesday.
In the financial year ending March 2022, the budget deficit excluding banks totaled GBP 151.8 billion or around 6.4 percent of gross domestic product. Borrowing was less than half of the GBP 317.6 billion borrowed in the same period last 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.