Government borrowing fell to its lowest level for November in three years last month, according to the Office for National Statistics.
Borrowing totalled £11.2 billion in November, down £3.4 billion year on year and was the lowest level for the month since 2021.
Britain's budget deficit, equating to borrowing for day-to-day spending, also hit a three-year low for November at £6.8 billion and £3.5 billion off last year.
“Central government tax receipts grew compared with last year, while increased spending on public services and on benefits were offset by lower debt interest payable,” ONS public sector finances deputy director Jessica Barnaby noted.
Tax receipts climbed by £3.8 billion to £61.8 billion year on year, as more was collected through income, corporation and value added tax.
Expenditure came to £0.2 billion less at £88.2 billion in the meantime, with interest payments on government debt dropping by £4.7 billion to £3.0 billion.