Public sector net borrowing in the UK increased to GBP 4.88 billion in November 2019 from GBP 4.68 billion in the same month last year and compared with market expectations of GBP 5.60 billion. Excluding public-sector banks, the borrowing increased by GBP 0.25 billion to GBP 5.6 billion, the most in two years. Borrowing in the current financial year-to-date was GBP 50.9 billion, GBP 5.1 billion more than in the same period last year. It is the highest April-to-November borrowing for two years, though April-to-November 2018 remains the lowest in such a period for 12 years. Debt rose by GBP 39.4 billion from a year ago to GBP 1.81 trillion at the end of November, equivalent to 94.1 percent of GDP. Government Debt in the United Kingdom averaged -4358.35 GBP Million from 1993 until 2019, reaching an all time high of 12668 GBP Million in January of 2019 and a record low of -21052 GBP Million in April of 2012. source: Office for National Statistics
Government Debt in the United Kingdom is expected to be -4800.00 GBP Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Debt in the United Kingdom to stand at -3400.00 in 12 months time. In the long-term, the United Kingdom Public Sector Net Borrowing is projected to trend around -2440.00 GBP Million in 2020, according to our econometric models.