Government borrow more in first quarter of financial year (£26bn) than it originally expected to borrow in the year as a whole (£24bn)

Public sector net borrowing for the first quarter of the current financial year (2016-17) was £26.6bn, down from £27.9bn over the same period of 2016/17. On twitter the ONS are celebrating the lowest figure for the month of June since 2007. But this is hardly the point: the point of substance is…Read more…