Government borrowing falls in September

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Government borrowing fell in September compared with a year earlier as the economy continued to recover from coronavirus lockdowns.

Borrowing - the difference between spending and tax income - stood at £21.8bn, which was £7bn less than in September 2020.

But the figure was still the second-highest for September since monthly records began in 1993.

Borrowing hit record levels during the pandemic.

The government spent billions of pounds on emergency measures to protect wages, such as the furlough scheme, which wrapped up last month.

As a result, government debt has been pushed up to more than £2.2 trillion at the end of September this year - about 95.5% of the UK's gross domestic product (GDP), and the highest level recorded since the early 1960s.

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