"Figure 8: The decrease in UK net borrowing was driven by decreased government borrowing and increased lending by non-financial corporations","" "Net lending (+) or borrowing (-) position by institutional sector as a percentage of GDP, seasonally adjusted, Quarter 1 (Jan to Mar) 2015 to Quarter 4 (Oct to Dec) 2021","" "","" "Notes","1. Q1 refers to Quarter 1(Jan to Mar) Q2 refers to Quarter 2 (Apr to June) Q3 refers to Quarter 3 (July to Sept) and Q4 refers to Quarter 4 (Oct to Dec). 2. NPISH refers to Non-profit institutions serving households." "Unit","Percentage of GDP" "","" "","Non-financial corporations","Financial corporations","General government","Households","Non-profit institutions serving households","Rest of the world","UK" "2015 Q1","-1.3","-2.5","-4.6","2.5","-0.1","6","-6" "2015 Q2","-1.2","-1.1","-4.2","3","-0.2","3.7","-3.7" "2015 Q3","-3.7","0.8","-5.1","3.2","0.1","4.7","-4.7" "2015 Q4","-3.2","-2.5","-4.2","3.5","-0.3","6.7","-6.7" "2016 Q1","-2.9","-1.2","-4","2.4","0","5.7","-5.7" "2016 Q2","-2.3","-1.6","-2.9","1.6","-0.1","5.3","-5.3" "2016 Q3","-2.6","-0.5","-3.8","0.5","0","6.4","-6.4" "2016 Q4","0.4","-0.8","-2.3","-1.4","-0.2","4.3","-4.3" "2017 Q1","-0.2","0.6","-2.3","-1.2","-0.2","3.3","-3.3" "2017 Q2","-1.1","-0.6","-2.7","-0.1","-0.1","4.7","-4.7" "2017 Q3","-1.2","0.8","-2.9","-0.1","-0.2","3.7","-3.7" "2017 Q4","0","-0.1","-1.8","-0.9","-0.3","3.2","-3.2" "2018 Q1","-1.3","1.3","-3.5","-0.2","-0.4","4","-4" "2018 Q2","-2.3","0.2","-1.1","-0.2","-0.5","3.8","-3.8" "2018 Q3","-1.3","0.4","-2","-0.4","-0.5","3.8","-3.8" "2018 Q4","-0.7","-0.4","-2.2","-0.2","-0.8","4.4","-4.4" "2019 Q1","-0.9","-1.7","-2.2","-0.4","-0.7","5.9","-5.9" "2019 Q2","-0.5","-0.1","-1.5","0","-0.7","2.9","-2.9" "2019 Q3","1","-0.2","-2.5","-0.4","-0.6","2.6","-2.6" "2019 Q4","0.4","3.2","-2.9","0.3","-0.6","-0.3","0.3" "2020 Q1","0.2","1.1","-3.9","1.5","-0.7","2.3","-2.3" "2020 Q2","1.9","4.3","-24.6","15.7","-0.3","1.4","-1.4" "2020 Q3","4.3","1.9","-13.9","5.7","-0.3","1.6","-1.6" "2020 Q4","0","0.2","-10.4","5.5","-0.4","5","-5" "2021 Q1","1.7","0","-13.1","9.3","0","2.3","-2.3" "2021 Q2","2.5","1.1","-8.6","4","-0.5","2","-2" "2021 Q3","0.3","0.4","-6.6","1.7","-0.5","5.1","-5.1" "2021 Q4","3.4","0.8","-5.1","0.6","-0.5","1.3","-1.3"