The percentage of borrowing in UK has been less than that of the previous year. The Government borrowing of the nation has hit a record high of £163.4billion in the current financial year.

Last year the borrowing figure was somewhere around £166.5billion, that was very high as compared to this year's prediction. The total amount of borrowing is around £152.8billion which is lower than that of £155.9billion of the forecast including the financial intervention measures.

However, this has been the largest yearly borrowing figure for a UK government in such a crunch time. The amount of loans was evenly high for the month of March.

As per market analyst Mr. Jonathan Loyne, this has been the longest budget insufficiency since the Second World War. The political parties are also apprehending that the budget shortfall is to follow the next election too. As per their agenda, boosting tax income and sinking borrowing is going to improve the nation's economy.

The measured improvement so far appears to have helped scratch borrowing. In March, tax profits has raised by 3.8% as per the reports of ONS.