Government borrowing is the same as August 2011

Statistics just out - after a shocker in July, government is borrowing the same as August 2011, but the deficit itself is £400 million higher.

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Govt borrowing unchanged

The level of Government borrowing remained unchanged last month at £14.4 billion in August, equal to borrowing in the same month last year. It puts the Chancellor under pressure after he pledged to start bringing down debt in 2015/16.