According to the report from the Office for National Statistics, last month, public sector net borrowing (excluding public sector banks) reached 17.4 billion pounds, which is the second highest value for November since the start of this statistics in 1993. In October, net public sector borrowings amounted to 12.4 billion pounds (revised from 18.8 billion pounds).
The data also showed that in the current fiscal year (through November), public sector net borrowing amounted to 136.0 billion pounds, which was the second highest figure for the same period since 1993. Meanwhile, in November, the net debt of the public sector, excluding public sector banks, reached 2,317.7 billion pounds, or about 96.1% of GDP. The last value was the highest since March 1963. Public sector net debt excluding public sector banks and the Bank of England amounted to 1,994.3 billion pounds in November, or about 82.7% of GDP.
The ONS also reported that central government receipts increased by 4.3% compared to November 2020, and amounted to 61.1 billion pounds, while central government bodies spent 76.6 billion pounds (-6.9% per annum).