Public sector net borrowing excluding public sector banks (PSNB ex) was estimated to have been £16.8 billion in December 2021; this was the fourth-highest December borrowing since monthly records began in 1993, £7.6 billion less than in December 2020. PSNB ex was estimated to have been £146.8 billion in the financial year-to-December 2021; this was the second-highest financial year-to-December borrowing since monthly records began in 1993, £129.3 billion less than in the same period the previous year. Public sector net debt excluding public sector banks (PSND ex) was £2,339.9 billion at the end of December 2021 or ... (full story)