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.

Advertisement

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.