The UK’s public sector net borrowing was £31.7 billion in April 2021. This is the second-highest April borrowing since monthly records began in 1993, £15.6 billion less than in April 2020. The country's total public debt reached £2,171.1 billion at end of April, equaling 98.5% of its GDP, the highest ratio since March 1962.
On an annual basis, however, the public debt fell £15.6 billion from £47.3 billion to £31.7 billion, reads the recent data of the Office for National Statistics (ONS).
In April 2020, the UK's public debt hit a record of £47.3 billion, excluding borrowing by public sector banks.
Public sector net debt (excluding public sector banks, PSND ex) was £2,171.1 billion at the end of April 2021 or around 98.5% of GDP, the highest ratio since the 99.5% recorded in March 1962.
Central government net cash requirement (excluding UK Asset Resolution Ltd and Network Rail) was £30.5 billion in April 2021; the total for FYE March 2021 was £334.5 billion, substantially more than in any other financial year period since records began in FYE March 1984.
The country's public debt in the 2020-2021 financial year – from April 2020 till this April – hit a record high £303.1 billion.
Previously, BM.GE reported that the cost of measures to support the economy during the coronavirus pandemic has pushed the UK’s government borrowing to the highest level since the end of World War Two.
