Economic and Fiscal Outlook, 2024-10

public sector net borrowing in 2023-24: 4.48 % of GDP

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public sector net borrowing in 2024-25: 4.53 % of GDP

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public sector net borrowing in 2025-26: 3.579 % of GDP

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public sector net borrowing in 2026-27: 2.891 % of GDP

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public sector net borrowing in 2027-28: 2.279 % of GDP

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public sector net borrowing in 2028-29: 2.193 % of GDP

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public sector net borrowing in 2029-30: 2.078 % of GDP

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public sector net borrowing in 2023-24: 121.874 £ billion

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public sector net borrowing in 2024-25: 127.492 £ billion

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public sector net borrowing in 2025-26: 105.577 £ billion

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public sector net borrowing in 2026-27: 88.46 £ billion

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public sector net borrowing in 2027-28: 72.168 £ billion

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public sector net borrowing in 2028-29: 71.907 £ billion

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public sector net borrowing in 2029-30: 70.584 £ billion

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CPI inflation in 2023: 7.303 % (percentage change on a year earlier)

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real GDP growth in 2023: 0.104 %

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CPI inflation in 2024: 2.535 % (percentage change on a year earlier)

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real GDP growth in 2024: 1.122 %

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CPI inflation in 2025: 2.576 % (percentage change on a year earlier)

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real GDP growth in 2025: 1.987 %

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CPI inflation in 2026: 2.261 % (percentage change on a year earlier)

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real GDP growth in 2026: 1.823 %

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CPI inflation in 2027: 2.116 % (percentage change on a year earlier)

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real GDP growth in 2027: 1.549 %

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CPI inflation in 2028: 2.075 % (percentage change on a year earlier)

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real GDP growth in 2028: 1.525 %

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CPI inflation in 2029: 2.028 % (percentage change on a year earlier)

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real GDP growth in 2029: 1.571 %

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