UK Government borrowing fell sharply to £11.6 billion in December as a spike in tax receipts and national insurance more than outweighed an uptick in spending, official figures show.The Office for National Statistics said borrowing was £7.1 billion, or 38%, less than the same month in 2024.

UK Government borrowing fell sharply to £11.6 billion in December as a spike in tax receipts and national insurance more than outweighed an uptick in spending, official figures show.The Office for National Statistics said borrowing was £7.1 billion, or 38%, less than the same month in 2024.