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Public borrowing falls to £15.1bn

Public sector net borrowing fell to £15.1 billion in March, according to the latest figures from the Office for National Statistics.

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Public sector borrowing was £120.6 billion in 2012/13

Public sector net borrowing fell slightly to £120.6 billion in the year to March 2013, the Office for National Statistics announced today.

The figure is just below net borrowing in the year to March 2012, with was £120.9 billion.

This is after removing the effects of the transfer of the Royal Mail Pension Plan and the transfers from the Bank of England Asset Purchase Facility.

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