Government borrowing rose to £6.9 billion in June
Public sector net borrowing increased by £2 billion to £6.9 billion in June 2017 compared to June 2016, new figures show.
The Office for National Statistics (ONS) found that for the financial year to date, borrowing is up £1.9 billion to £22.8 billion, compared with the same period in 2016.
The Office for Budget Responsibility (OBR) forecast that public sector net borrowing (excluding public sector banks) will be £58.3 billion during the financial year ending March 2018.
The research found that the amount of money owed by the public sector to the private sector stood at nearly £1.8 trillion at the end of June 2017, which represents an increase of £128.5 billion since the end of June 2016.
Higher interest on debt has been put forward as the reason for government borrowing increasing so.
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