The UK budget deficit hit the lowest for the month of November in four years, the Office for National Statistics reported Friday. Public sector net borrowing decreased to GBP 11.7 billion in November from GBP 13.6 billion in the previous year. This was the lowest November borrowing since 2021.
In November, borrowing to fund day-to-day public sector activities totaled GBP 5.6 billion, which took the total such borrowing in the financial year to November to GBP 93.0 billion.
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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.