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UK Government Borrowing Declines

The UK public sector net borrowing decreased in the year ended March, but remained the third-biggest on record, the Office for National Statistics said on Tuesday. In the financial year ending March 2022, the budget deficit excluding banks totaled GBP 151.8 billion or around 6.4 percent of gross domestic product. Borrowing was less than half of the GBP 317.6 billion borrowed last year.
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