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UK public sector borrowing remains stubbornly high, still above pre-Covid times, according to numbers from the Office for National Statistics on Tuesday.
Public sector net borrowing, excluding banks, amounted to £18.6 billion in April. It was the fourth-highest April figure since monthly records began in 1993.
The figure was down from £24.2 billion a year earlier but up from £10.7 billion in April 2019.
April's figure climbed from £14.7 billion in March 2022.
The figure for the financial year ended March, meanwhile, was downwardly revised to £144.6 billion from £151.8 billion. It remains the third-highest borrowing number since financial year records began in March 1947, however.
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