Public sector borrowing hits £34.1bn in December

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Public sector net borrowing reached £34.1bn in December – the third-highest monthly figure since records began in 1993.

The figure from the Office for National Statistics means that:

  • Borrowing since the start of the financial year in April has reached £270.8bn
  • Borrowing in December 2020 was £28.2bn more than in December 2019
  • December’s figure was also higher than the £31.6bn borrowed in November 2020
  • Public sector debt has reached an all-time high of £2.13trn

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