The UK budget deficit narrowed in March, reaching its lowest level for the month since 2022, the Office for National Statistics reported Thursday.
Public sector net borrowing fell by GBP 1.4 billion to GBP 12.6 billion in March. This was the lowest March borrowing since 2022.
In March, central government receipts grew 5.6 percent to GBP 102.0 billion. At the same time, expenditure increased 3.3 percent to GBP 91.6 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.