Government borrowing falls in June

Figure of 9.4bn is the lowest June total for years - as income and corporation tax receipts rose - but is higher than economists' forecasts of 8.5bn

British government borrowing last month fell by less than expected but was the lowest June figure for seven years, the latest sign that the pick-up in the economy is helping the public finances.

Britain's headline public borrowing fell to 9.4bn in June from 10.2bn a year earlier, the Office for National Statistics said on Tuesday. However, economists had forecast a figure of 8.5bn.

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