Economic and Fiscal Outlook, 2025-03

public sector net borrowing in 2023-24: 4.774 % of GDP

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public sector net borrowing in 2024-25: 4.774 % of GDP

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public sector net borrowing in 2025-26: 3.931 % of GDP

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public sector net borrowing in 2026-27: 3.133 % of GDP

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public sector net borrowing in 2027-28: 2.49 % of GDP

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public sector net borrowing in 2028-29: 2.318 % of GDP

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public sector net borrowing in 2029-30: 2.137 % of GDP

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public sector net borrowing in 2023-24: 131.344 £ billion

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public sector net borrowing in 2024-25: 137.329 £ billion

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public sector net borrowing in 2025-26: 117.688 £ billion

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public sector net borrowing in 2026-27: 97.161 £ billion

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public sector net borrowing in 2027-28: 80.165 £ billion

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public sector net borrowing in 2028-29: 77.425 £ billion

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public sector net borrowing in 2029-30: 74.042 £ billion

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CPI inflation in 2024: 2.53 % (percentage change on a year earlier)

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real GDP growth in 2024: 0.935 %

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CPI inflation in 2025: 3.213 % (percentage change on a year earlier)

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real GDP growth in 2025: 0.972 %

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CPI inflation in 2026: 2.085 % (percentage change on a year earlier)

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real GDP growth in 2026: 1.862 %

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CPI inflation in 2027: 1.989 % (percentage change on a year earlier)

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real GDP growth in 2027: 1.79 %

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CPI inflation in 2028: 2 % (percentage change on a year earlier)

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real GDP growth in 2028: 1.723 %

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CPI inflation in 2029: 2 % (percentage change on a year earlier)

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real GDP growth in 2029: 1.801 %

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