UK public borrowing falls despite fuel crisis and supply chain issues
Government borrowing fell at a faster than expected rate in September as the furlough scheme came to an end and tax receipts recovered strongly.
Figures published by the Office for National Statistics showed borrowing fell to £21.8bn last month from £28.8bn in the same month a year earlier, as Covid support measures were unwound. It was still the second-highest September borrowing since comparable records began in 1993.
Public sector borrowing for the first six months of the 2021-22 year fell to £108.1bn, down by £101.2bn in April-September 2020 but roughly triple its level before the pandemic, the ONS added.
City economists had expected a slightly higher level of borrowing of £22.6bn in September after the economy began to slow in response to
Read more on theguardian.com
