Public sector borrowing including banks in the UK increased to £9.8 billion in January 2017 from £9.5 billion a year earlier, but way below market expectations of £14.4 billion. It was the biggest surplus since the series began, as income tax revenues jumped by an annual 6.1 percent to £32.2 billion and corporation tax revenues were up 5.4 percent at £4.2 billion. Excluding banks, the public sector had to borrow £9.4 billion to balance the books. In the current financial year-to-date (April 2016 to January 2017), public sector net borrowing decreased by £13.6 billion from the same period last year to £49.3 billion, the lowest year-to-date borrowing since the financial year-to-date ending January 2008. At the end of January, the amount of money owed by the public sector to the private sector stood at £1,682.8 billion, or 85.3 percent of GDP, an increase of £91.7 billion since the end of January 2016. Government Debt in the United Kingdom averaged -4080.35 GBP Million from 1993 until 2017, reaching an all time high of 9824 GBP Million in January of 2017 and a record low of -20095 GBP Million in April of 2012.
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In the United Kingdom, net borrowing or net lending is the difference between the net acquisition of financial assets and the net incurrence of liabilities. This page provides the latest reported value for – United Kingdom Public Sector Net Borrowing – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Public Sector Net Borrowing – actual data, historical chart and calendar of releases – was last updated on February of 2017.