Public sector borrowing drops to £8.8 billion in May

Public sector net borrowing excluding financial interventions fell to £8.8 billion in May, down £6.9 billion from the same period last year, the Office for National Statistics said.


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.