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Public sector finances, UK: October 2023
Public sector net borrowing excluding public sector banks (PSNB ex) in October 2023 was £14.9 billion, £4.4 billion more than in October 2022 and the second highest October borrowing since monthly records began in 1993. PSNB ex in the financial year-to-October 2023 was £98.3 billion, £21.9 billion more than in the same seven-month period last year, but £16.9 billion less than the £115.2 billion forecast by the Office for Budget Responsibility (OBR) in March 2023. Public sector net debt (PSND ex) was £2,643.7 billion at the end of October 2023 and was provisionally estimated at around 97.8% of the UK's annual ... (full story)