UK December public sector net borrowing £33.4 vs £31.4 billion expected

ONS - 22 Jan

PSNB
  • Prior £30.8 billion; revised to £25.4 billion
  • PSNB (ex banks) £34.1 billion vs £32 billion expected
  • Prior £31.6 billion; revised to £26.1 billion

Net borrowing moving higher for the UK as lockdowns are financed. Higher than expected, but no major surprises here. There are some downward revisions from last month.

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