Budget 05: Britain's fiscal borrowing down
UK borrowing at lowest levels since the early nineties.
Britain’s fiscal borrowing has hit the lowest levels since the early 1990s. Borrowing for 2005 will be £34bn compared with the £90bn recorded at the beginning of the previous decade.
The UK’s deficit as a percentage of national income is now 2.6%, better than the figures recorded in the US, Japan and mainland Europe.