This article is from the source 'guardian' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.guardian.co.uk/news/datablog/2010/oct/18/deficit-debt-government-borrowing-data
The article has changed 13 times. There is an RSS feed of changes available.
Version 6 | Version 7 |
---|---|
Deficit, national debt and government borrowing - how has it changed since 1946? | Deficit, national debt and government borrowing - how has it changed since 1946? |
(28 days later) | |
Britain's deficit is getting worse. The government borrowed more than expected in November, Office for National Statistics data shows, reducing the chance that the government will meet its 2012/13 deficit reduction goal. | |
Josephine Moulds writes today: | |
Separate figures from the ONS show the government borrowed more than expected in November, as spending rose but tax receipts fell from a year earlier. | |
Howard Archer of IHS Global Insight said: "The disappointing November public finance data fuel mounting expectations that at least one of the credit rating agencies will strip the UK of its triple A rating in 2013." Archer also said it "looks touch and go" as to whether the economy can avoid renewed contraction in the fourth quarter. | |
The ONS says the government's preferred measure, public sector net borrowing excluding financial sector interventions, came in at £17.5bn in November, up from £16.3bn in November 2011. | |
UK public debt | UK public debt |
We have the complete set of data on Government borrowing, all the way back to the 1940s. All political parties have faced their fair share of debt through the years - almost as if the economic climate has its own life independent of who is managing it. | We have the complete set of data on Government borrowing, all the way back to the 1940s. All political parties have faced their fair share of debt through the years - almost as if the economic climate has its own life independent of who is managing it. |
What is the deficit? When the ONS talks about the deficit, they take a simple measure - the gap between what's coming into the government in taxes and receipts versus what's being spent. Most commentators look at net borrowing as the deficit figure, because it includes investment spending. It's different to the national debt - which is the total the country owes. | What is the deficit? When the ONS talks about the deficit, they take a simple measure - the gap between what's coming into the government in taxes and receipts versus what's being spent. Most commentators look at net borrowing as the deficit figure, because it includes investment spending. It's different to the national debt - which is the total the country owes. |
So last month the budget was in deficit. Here are the key facts for November - if you exclude the temporary effects of the financial interventions in the banks: | |
/>• Public sector current budget deficit was />• April to />• In 2011/12, public sector net borrowing was • Public sector net debt was | • Public sector net borrowing was £17.5bn in November 2012; this is £1.2bn higher net borrowing than in November 2011, when net borrowing was £16.3bn />• Public sector current budget deficit was £15.8bn in November 2012; this is a £1bn higher deficit than in November 2011, when there was a deficit of £14.8bn />• April to November 2012, public sector net borrowing (excluding the capital payment recorded as part of the Royal Mail Pension Plan transfer in April 2012) was £92.7bn; this is £8.3bn higher net borrowing than in the same period the previous year, when net borrowing was £84.4bn />• In 2011/12, public sector net borrowing was £121.6bn; this is £4.4bn lower than the Office for Budget Responsibility (OBR) forecasted net borrowing for 2011/12 of £126.0bn • Public sector net debt was £1083.6bn at the end of November 2012, equivalent to 68.5% of gross domestic product (GDP) |
The ONS data below shows monthly, quarterly and annual debt and deficit - what can you do with it? | The ONS data below shows monthly, quarterly and annual debt and deficit - what can you do with it? |
Download the data | Download the data |
• DATA: download the full list as a spreadsheet | • DATA: download the full list as a spreadsheet |
More data | More data |
More data journalism and data visualisations from the Guardian | More data journalism and data visualisations from the Guardian |
World government data | World government data |
• Search the world's government data with our gateway | • Search the world's government data with our gateway |
Development and aid data | Development and aid data |
• Search the world's global development data with our gateway | • Search the world's global development data with our gateway |
Can you do something with this data? | Can you do something with this data? |
• Flickr Please post your visualisations and mash-ups on our Flickr group • Contact us at data@guardian.co.uk | • Flickr Please post your visualisations and mash-ups on our Flickr group • Contact us at data@guardian.co.uk |
• Get the A-Z of data • More at the Datastore directory • Follow us on Twitter • Like us on Facebook | • Get the A-Z of data • More at the Datastore directory • Follow us on Twitter • Like us on Facebook |