Government borrowing drops in May but debt levels remain a 'black hole'

Still second-highest monthly borrowing on record

Anna Fedorova
clock • 1 min read
Government borrowing eases in May
Image:

Government borrowing eases in May

UK government borrowing was significantly lower in May than during the same month last year as the economy recovers from the coronavirus crisis, but remains elevated on a historical basis.

According to the Office for National Statistics (ONS), borrowing - the difference between spending and tax income - was £24.3bn during May, £19.4bn lower than the same month in 2020. However, this figure...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Tap into our community intelligence through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Investment

Louis Williams: "Capturing clients’ sustainability preferences provides the adviser with a foundation in which to have a conversation in order to understand their goals from the outset."

Louis Williams: Why getting to the heart of ESG matters

Understanding clients of all ages

Louis Williams
clock 26 November 2021 • 5 min read
Unlocking asset owner capital crucial to net zero goals

$23trn held by top 100 asset owners 'key' to achieving net zero goals

14 out of top 100 asset owners aligned with net zero

clock 25 November 2021 • 2 min read
Meet the ESG Investment Influencers: The inside story with Sarah Miller of Redington

Meet the ESG Investment Influencers: The inside story with Sarah Miller of Redington

Fund selector insights into sustainable investing

Beth Brearley
clock 24 November 2021 • 1 min read