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UK Borrowing Higher Than Expected

UK Borrowing Higher Than Expected

According to latest statistics released by the Office For National Statistics, UK borrowing was higher that expected in the month of April.

Public borrowing reached £10bn compared with £7.3bn last year which is higher than the £6.5bn analyst's expected.

Samuel Tombs, at Capital Economics, said he believed the government would struggle to meet its borrowing forecasts this year.

However, he added: "Nonetheless, these are just one set of figures and the trend in borrowing should improve as more of the spending cuts kick in later this year."

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