Economy Public sector net borrowing (excluding public sector banks) decreased by £6.6 billion to £50.0 billion in the current financial year-to-date (April 2017 to December 2017), compared with the same period in 2016; this is the lowest year-to-date net borrowing since 2007.
The Office for Budget Responsibility (OBR) forecasts that public sector net borrowing (excluding public sector banks) will be £49.9 billion during the financial year ending March 2018, an increase of £3.9 billion on the outturn net borrowing in the financial year ending March 2017.
Public sector net borrowing (excluding public sector banks) decreased by £2.5 billion to £2.6 billion in December 2017, compared with December 2016 helped in part by a £1.2 billion credit from the European Union; this is the lowest December net borrowing since 2000.
Public sector net debt (excluding public sector banks) was £1,759.5 billion at the end of December 2017, equivalent to 85.4% of gross domestic product (GDP), an increase of £62.3 billion (or 0.7 percentage points as a ratio of GDP) on December 2016.
Public sector net debt (excluding both public sector banks and Bank of England) was £1,591.4 billion at the end of December 2017, equivalent to 77.2% of GDP, a decrease of £26.8 billion (or 3.6 percentage points as a ratio of GDP) on December 2016.
Central government net cash requirement decreased by £31.1 billion to £49.4 billion in the current financial year-to-date (April 2017 to December 2017), compared with the same period in 2016; this is the lowest year-to-date central government net cash requirement since 2007. ONS has today published a new article in today's Economic Review using Flow of Funds statistics to highlight how the electronic money created by the Bank of England through quantitative easing moved around the economy and changed the holdings of financial institutions. ONS has published a blog post from economist Rikesh Patel summarising the article's findings.
People, population and community Overseas residents made 3.2 million visits to the UK in October 2017; this has decreased by 6% when compared with October 2016.
UK residents made 6.3 million visits abroad in October 2017, a 2% decrease when compared with October 2016.
Overseas residents spent £1.9 billion on their visits to the UK in October 2017; this is an increase of 2% when compared with October 2016.
UK residents spent £3.8 billion on their visits abroad in October 2017, a 9% decrease when compared with October 2016. | 
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