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Government borrowing jumps to £6.8bn in August

Government borrowing rose by more than expected last month following subdued tax receipts and an increase in expenditure.

Borrowing jumped to £6.75bn last month from £4.35bn a year earlier, the Office for National Statistics said.

It was the first year-on-year rise in borrowing in August for three years.

However, borrowing for the year to date is 30.5% lower at £17.8bn, potentially giving Chancellor Philip Hammond room for manoeuvre in the Budget.

Economists had expected borrowing to be about £3.4bn last month.

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BBC News

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