•Public sector net borrowing was £12.8 billion in September 2012; this is £ 0.7 billion lower net borrowing than in September 2011, when net borrowing was £13.5 billion •Public sector current budget deficit was £11.2 billion in September 2012; this is a £0.4 billion lower deficit than in September 2011, when there was a deficit of £11.6 billion •Public sector net debt was £1,065.4 billion at the end of September 2012, equivalent to 67.9 per cent of gross domestic product (GDP) •In 2011/12 public sector net borrowing was £121.6 billion; this is £4.4 billion lower than the Office for Budget Responsibility (OBR) ... (full story)