Economic and Fiscal Outlook, 2026-03

public sector net borrowing in 2024-25: 5.206 % of GDP

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public sector net borrowing in 2025-26: 4.345 % of GDP

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public sector net borrowing in 2026-27: 3.649 % of GDP

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public sector net borrowing in 2027-28: 2.944 % of GDP

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public sector net borrowing in 2028-29: 2.537 % of GDP

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public sector net borrowing in 2029-30: 1.808 % of GDP

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public sector net borrowing in 2030-31: 1.625 % of GDP

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public sector net borrowing in 2024-25: 152.742 £ billion

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public sector net borrowing in 2025-26: 132.735 £ billion

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public sector net borrowing in 2026-27: 115.461 £ billion

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public sector net borrowing in 2027-28: 96.467 £ billion

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public sector net borrowing in 2028-29: 86.016 £ billion

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public sector net borrowing in 2029-30: 63.403 £ billion

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public sector net borrowing in 2030-31: 59.02 £ billion

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CPI inflation in 2025: 3.373 % (percentage change on a year earlier)

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real GDP growth in 2025: 1.394 %

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CPI inflation in 2026: 2.301 % (percentage change on a year earlier)

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real GDP growth in 2026: 1.098 %

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CPI inflation in 2027: 1.969 % (percentage change on a year earlier)

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real GDP growth in 2027: 1.589 %

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CPI inflation in 2028: 1.976 % (percentage change on a year earlier)

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real GDP growth in 2028: 1.582 %

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CPI inflation in 2029: 2.02 % (percentage change on a year earlier)

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real GDP growth in 2029: 1.538 %

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CPI inflation in 2030: 2 % (percentage change on a year earlier)

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real GDP growth in 2030: 1.516 %

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