Government borrowing falls to lowest for 17 years

Government borrowing fell to its lowest in 17 years as our balanced approach to the economy means we are getting the deficit under control – while continuing to invest in our vital public services. 

Key facts: 
  • Figures from the ONS show that borrowing in 2018-19 was £24.7 billion, a reduction of £17.2 billion compared to the previous year. 
  • Britain's public finances are on the way back to good health, while the Conservative government continues to invest in our vital public services like the NHS. 

Why this matters: 

Thanks to our balanced approach we’ve got borrowing and debt down, while setting out further investments in infrastructure, technology, housing, skills, and clean growth – building a Britain fit for the future.

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