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 Borrowing Remains Above OBR's Full Year Forecast 

-UK YTD Borrowing Stg35.9bn Vs Stg49.0bn 2017/18

-UK Dec borrowing Stg2.976 vs Stg2.674bn in 2017

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UK public sector borrowing in December hit its highest level in two 

years, suggesting a halt to the dramatic fall in borrowing levels 

earlier in 2018. Year-to-date (YTD) borrowing decline by 26.7%, a more 

shallow improvement than the 40% decline recorded over the summer. YTD 

borrowing has exceeded the OBR's full-year target of  stg25.5bn. 

However, over the past two years, the surplus in January and February 

has averaged stg8.4 billion. Should this occur again, borrowing could 

move back towards the OBR's projection.