Public Sector Net Borrowing

The Net Borrowing released by the National Statistics captures an amount of new debt held by the U.K. governments (the financial deficit in the UK national accounts). Generally speaking, if the Net Borrowing is negative, it means the UK Accounts are surplus, and that should be positive for the GBP. While a deficit is generally unfavorable for the economy, a growth in the Net Borrowing is considered as negative, or bearish for the GBP.

Next event - Friday 19 September 2025 06:00

Previous
£1.054B
Forecast
£12.5B
Actual
-

The typical/expected market impact of this event is low.

The consensus forecast for Public Sector Net Borrowing is £12.5B. A higher value than forecast tends to be bullish for xxx/GBP pairs and bearish for GBP/xxx pairs.

Most recent - Thursday 21 August 2025 06:00

Previous
£20.684B
Revised
£22.56B
Forecast
£1.9B
Actual
£1.054B

Higher numbers than forecast tend to be bullish for GBP/xxx pairs and bearish for xxx/GBP pairs.

Trading range

Forecast history

The most recent announced value for Public Sector Net Borrowing was £1.054B against a forecast of £1.9B.

Past events

Date
Forecast
Actual
Thursday 21 August 2025 06:00
£1.9B
£1.054B
Tuesday 22 July 2025 06:00
£15.6B
£20.684B
Friday 20 June 2025 06:00
-
£17.686B
Thursday 22 May 2025 06:00
£17.9B
£20.155B
Wednesday 23 April 2025 06:00
£16.05B
£16.444B
Friday 21 March 2025 07:00
£-6.6B
£10.71B
Friday 21 February 2025 07:00
£20B
£-15.442B
Wednesday 22 January 2025 07:00
£13.4B
£17.811B
Friday 20 December 2024 07:00
£15.5B
£11.249B
Thursday 21 November 2024 07:00
-
£17.354B
Tuesday 22 October 2024 06:00
£-10.3B
£16.613B
Friday 20 September 2024 06:00
£-12.3B
£13.734B
Wednesday 21 August 2024 06:00
£-0.5B
£2.177B
Friday 19 July 2024 06:00
£-12B
£13.589B
Friday 21 June 2024 06:00
£-14.8B
£14.1B
Wednesday 22 May 2024 06:00
£-18.5B
£19.59B
Tuesday 23 April 2024 06:00
£-8.9B
£11.015B
Thursday 21 March 2024 07:00
-
£7.477B
Wednesday 21 February 2024 07:00
£18.4B
£-17.615B
Tuesday 23 January 2024 07:00
£-11.2B
£6.846B
Thursday 21 December 2023 07:00
£11.9B
£13.409B
Tuesday 21 November 2023 07:00
£21B
£13.972B
Friday 20 October 2023 06:00
£17.6B
£13.526B
Thursday 21 September 2023 06:00
£9.8B
£10.756B
Tuesday 22 August 2023 06:00
-
£3.48B
Friday 21 July 2023 06:00
£27.52B
£17.666B
Wednesday 21 June 2023 06:00
£14.931B
£19.224B
Tuesday 23 May 2023 06:00
£8.773B
£24.739B
Tuesday 25 April 2023 06:00
£22.942B
£20.709B
Tuesday 21 March 2023 07:00
£7.673B
£15.859B
Tuesday 21 February 2023 07:00
£16.137B
£-6.242B
Tuesday 24 January 2023 07:00
£18.029B
£26.581B
Wednesday 21 December 2022 07:00
£8.064B
£21.196B
Tuesday 22 November 2022 07:00
£15.376B
£12.728B
Friday 21 October 2022 06:00
£19.325B
£19.248B
Wednesday 21 September 2022 06:00
£9.294B
£11.056B

Economic context

Recent economic data has been broadly neutral for GBP. Other recent announcements which may affect the market's interpretation of the next Public Sector Net Borrowing result:

PreviousLatest
BoE MPC Vote Rate CutBullish change52
BoE MPC Vote Rate Hike(no change)00
Consumer Price Index (MoM)Bullish change0.1%0.3%
Consumer Price Index (YoY)(no change)3.8%3.8%
Core Consumer Price Index (YoY)Bearish change3.8%3.6%
Retail Price Index (MoM)(no change)0.4%0.4%
Retail Price Index (YoY)Bearish change4.8%4.6%
Average Earnings Excluding Bonus (3Mo/Yr)Bearish change5%4.8%
Average Earnings Including Bonus (3Mo/Yr)Bullish change4.6%4.7%
Claimant Count ChangeBearish change-33.3K17.4K
Claimant Count RateBearish change4.3%4.4%
Employment Change (3M)Bearish change238K232K
ILO Unemployment Rate (3M)(no change)4.7%4.7%
Consumer Inflation ExpectationsBullish change3.2%3.6%
Gross Domestic Product (MoM)Bearish change0.4%0%
Industrial Production (MoM)Bearish change0.7%-0.9%
Manufacturing Production (MoM)Bearish change0.5%-1.3%
BRC Like-For-Like Retail Sales (YoY)Bullish change1.8%2.9%
Retail Sales (MoM)Bullish change0.3%0.6%
Retail Sales (YoY)Bullish change0.9%1.1%
Retail Sales ex-Fuel (MoM)Bearish change0.6%0.5%
Retail Sales ex-Fuel (YoY)(no change)1.3%1.3%

About Public Sector Net Borrowing

Country:United Kingdom
Currency:GBP
Source:Office for National Statistics
Category:Capital Flows
Frequency:Monthly
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