British government borrowing last month fell by less than expected but was the lowest June figure for seven years, the latest sign that the pick-up in the economy is helping the public finances.
Britain’s headline public borrowing fell to £9.4bn in June from £10.2bn a year earlier, the Office for National Statistics said on Tuesday. However, economists had forecast a figure of £8.5bn.
For the first three months of the 2015/16 tax year, public sector net borrowing was £25.1bn, down nearly 20% on the April-June period of last year and its lowest for the same period since the 2008-09 financial year.
via The Guardian