Today's data shows that the forecast for 2011/12 is on track, with public borrowing down by £11 billion compared to the previous year.
This shows that the Government's plan to reduce the budget deficit is working.
More top news
The M20 in Kent is shut between junctions 10 and 9 of the Londonbound carriageway near Ashford. A body was found there last night.
In a night of violence in Camden, two young men have lost their lives as knife crime continues to haunt the capital.
The profit hike comes despite a mammoth £1.7 billion hit from the payment protection insurance (PPI) mis-selling scandal last year.