- Analytics
- News and Tools
- Market News
- UK: public sector net borrowing excluding public sector banks rose sharply in October
UK: public sector net borrowing excluding public sector banks rose sharply in October
According to the report from Office for National Statistics, borrowing (public sector net borrowing excluding public sector banks, PSNB ex) in October 2019 was £11.2 billion, £2.3 billion more than in October 2018; this is the highest October borrowing for five years (since October 2014).
Borrowing in the current financial year-to-date (April 2019 to October 2019) was £46.3 billion, £4.3 billion more than in the same period last year; this is the highest April-to-October borrowing for two years (since 2017), though April-to-October 2018 remains the lowest in such a period for 12 years (since 2007).
Debt (public sector net debt excluding public sector banks, PSND ex) at the end of October 2019 was £1,798.5 billion (or 80.4% of gross domestic product, GDP), an increase of £32.1 billion (or a decrease of 1.1 percentage points) on October 2018.
Debt at the end of October 2019 excluding the Bank of England (mainly quantitative easing) was £1,615.0 billion (or 72.2% of GDP); this is an increase of £42.8 billion (or a decrease of 0.3 percentage points) on October 2018.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
