Government 'taking tough decisions' to deal with deficit

The sign for Her Majesty's Treasury is seen inside the Treasury building in London.
A Treasury spokesman said the ONS figures show 'borrowing is lower than was previously predicted'. Credit: Chris Ratcliffe/PA Wire

The Treasury said the Government is "taking tough decisions to deal with the deficit" following the release of public sector borrowing figures by the Office for National Statistics.

A spokesman said: "Today's data shows that borrowing is lower than was previously predicted.

"As the Chancellor said this week: the economy is healing; the deficit is down by a third; inflation is down by almost half from its peak; and more people are in private sector employment than ever before".


Annual rise in govt borrowing

Government borrowing increased slightly in the last financial year. The Office for National Statistics revealed it rose by around £300m to £118.8 billion. But public sector borrowing for last month was lower than expected last month at £8.8 billion.