Government borrowing fell in the year to November as more money was raised from taxes and less was spent on the country’s debt interest payments, according to official figures.
Borrowing – the difference between spending and tax take – was £11.2bn last month, the lowest November figure since 2021 and lower than economists expected.
Debt interest was down £4.7bn to £3bn, mainly due to lower inflation.
The Office for National Statistics said the government also spent more cash on public services and benefit payments.
