UK borrowed less than expected in July in lift for Rachel Reeves
by Richard Partington Senior economics correspondent from on (#6ZF42)
Public sector net borrowing falls to 1.1bn as chancellor explores tax-raising options in autumn budget
The UK government borrowed less than expected in July, official figures show, in a boost to the chancellor, Rachel Reeves, as she faces pressure in the run-up to her autumn budget.
Figures from the Office for National Statistics (ONS) showed public sector net borrowing - the difference between public spending and income - fell to 1.1bn, down by 2.3bn from the same month a year earlier.
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