Economic and Fiscal Outlook, 2025-11

public sector net borrowing in 2024-25: 5.106 % of GDP

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public sector net borrowing in 2025-26: 4.544 % of GDP

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public sector net borrowing in 2026-27: 3.542 % of GDP

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public sector net borrowing in 2027-28: 3.004 % of GDP

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public sector net borrowing in 2028-29: 2.566 % of GDP

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public sector net borrowing in 2029-30: 1.937 % of GDP

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public sector net borrowing in 2030-31: 1.851 % of GDP

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public sector net borrowing in 2024-25: 149.456 £ billion

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public sector net borrowing in 2025-26: 138.27 £ billion

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public sector net borrowing in 2026-27: 112.096 £ billion

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public sector net borrowing in 2027-28: 98.468 £ billion

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public sector net borrowing in 2028-29: 86.939 £ billion

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public sector net borrowing in 2029-30: 67.868 £ billion

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public sector net borrowing in 2030-31: 67.155 £ 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: 1.126 %

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CPI inflation in 2025: 3.453 % (percentage change on a year earlier)

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real GDP growth in 2025: 1.483 %

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CPI inflation in 2026: 2.48 % (percentage change on a year earlier)

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real GDP growth in 2026: 1.371 %

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CPI inflation in 2027: 2.015 % (percentage change on a year earlier)

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real GDP growth in 2027: 1.543 %

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CPI inflation in 2028: 2.035 % (percentage change on a year earlier)

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real GDP growth in 2028: 1.467 %

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CPI inflation in 2029: 2.038 % (percentage change on a year earlier)

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real GDP growth in 2029: 1.523 %

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CPI inflation in 2030: 2.003 % (percentage change on a year earlier)

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real GDP growth in 2030: 1.549 %

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