UK borrowing halves in first half of tax year as Sunak readies budget

LONDON (Reuters) -British public borrowing fell by around half in the first six months of the current financial year compared with a year earlier, when the economy faced the full force of the COVID-19 pandemic, official figures showed on Thursday. Public sector borrowing for the first six months of the 2021/22 year fell to 108.1 billion pounds, down by 101.2 billion pounds in April-September 2020 but roughly triple its level before the pandemic, the Office for National Statistics said. Finance minister Rishi Sunak will present fresh budget forecasts on Oct. 27 which are expected to show borrowing this financial year