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UK public sector borrowing falls to ￡12.1bn in December
2014/1/22
UK government borrowing fell in December to ￡12.1bn, down ￡2.1bn from a year earlier, according to official figures.
The estimated figure excludes the effect of bank bailouts, the Office for National Statistics (ONS) said.
Public borrowing for the 2013-14 financial year to date fell to ￡96.1bn in December - ￡4.8bn lower than the same period a year ago.
Public sector net debt fell from 76.6% to 75.7% of gross domestic product.
The figures are initial estimates from the ONS and subject to later revision.
The ONS also reported that the unemployment rate had fallen to 7.1% in December, its lowest level since 2009.
Increased economic activity and lower unemployment have helped reduce government borrowing and increased the money flowing into the Treasury's coffers.
Central government receipts were ￡45.8bn in December, up ￡1.3bn on the previous year, including a ￡400m increase in stamp duty reflecting the recent pick-up in the property market.
