UK government borrowing at lowest level since 2008 financial crisis

Boost for chancellor as borrowing falls by 20bn to 52bn - but analysts say it is too soon to be complacent

Government borrowing fell to the lowest level since the financial crisis in the year to the end of March as the economy proved more resilient than expected in the aftermath of the Brexit vote.

Borrowing fell by 20bn to 52bn in the 2016-17 financial year after economic growth helped drive tax receipts higher, narrowing the gap between what the government spends and earns.