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.

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Public sector debt now stands at 66 percent of GDP

Public sector debt now stands at 66 percent of GDP - it is more and more likely that Chancellor George Osborne will ditch the target of debt moving down by 2015.

Government borrowing has been revised down for April - July, but mainly down to a big fall in local council borrowing, central government borrowing was up £200m.

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