BULLET: UK Data: YTD Borrowing Lowest Since 2007; Net Debt...>

UK Data: YTD Borrowing Lowest Since 2007; Net Debt Lowest Since Aug 2012   

-Feb PSNBX Stg1.340bn Vs -Stg1.158bn Feb 17  

-UK February Debt Ex-BOE 75.8% of GDP Versus 78.9% in February 2017 

-Underlying Apr-Feb Borrowing Stg41.4bn Vs Stg43.9bn Apr-Feb 2017

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Borrowing in February came in line with analyst expectations, 

adding stg1.158 to total borrowing balance. That means year-to-date 

borrowing now stands at stg41.4bn, the lowest YTD figure since 2007/08 

and below last year's equivalent Apr-Feb outturn of stg43.9bn. The OBR 

forecast 2017/18 fiscal year borrowing would total stg45.2bn. Over 

January and February this year, cumulative self assessment tax receipts 

totalled stg17.2bn, stg0.8bn lower than over the same period last fiscal 

year. The month's figures meant that net debt, ex-BOE, as a % of GDP 

dropped to 75.8% in February, the lowest since August 2012 (75.0%).