UK YTD Borrowing Down Almost 30% to 16-Year.>

UK DATA: UK YTD Borrowing Down Almost 30% to 16-Year Low 

-UK Nov PSNBX Stg7.209bn Vs Stg8.105bn Nov 2017   

-UK Nov Debt Ex-BOE 75.1% of GDP Vs 76.1% in Nov 2017 

-UK YTD Borrowing Stg32.8bn Vs Stg46.4bn 2017/18

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Monthly UK public sector borrowing came in below its year-ago 

figure in November, to leave year-to-date borrowing at a 16-year low of 

stg32.8bn. That's above the OBR's full-year forecast of stg25.5 but 

there tends to be an influx of self-assessment tax receipts in Jan/Feb 

which, based on average levels from the past two years, should bring 

borrowing back towards this the OBR's projection. Changes to the 

accounting of student loans, heavily covered by media earlier this week, 

will only show up in the data from September 2019, the ONS said.