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| Government borrowing falls in first half of year | Government borrowing falls in first half of year |
| (35 minutes later) | |
| Government borrowing fell in the first six months of the financial year, official figures have shown. | Government borrowing fell in the first six months of the financial year, official figures have shown. |
| Public sector net borrowing excluding public sector banks was £46.3bn between April and September, down £7.5bn, or 13.9%, from a year earlier, the Office for National Statistics (ONS) reported. | |
| In September, borrowing was £9.4bn, down £1.6bn from a year earlier. | In September, borrowing was £9.4bn, down £1.6bn from a year earlier. |
| In July, the Office for Budget Responsibility forecast the figure for the whole year would be £69.5bn. | In July, the Office for Budget Responsibility forecast the figure for the whole year would be £69.5bn. |
| That would be down 22.9% from the estimate of £89.2bn from 2014-15. | |
| However, it is hard to use the figures for the year so far to estimate whether the government is on track to meet the OBR forecast, because it depends a great deal on the usual spike in tax receipts in January. | |
| There was good news for the chancellor, as August's borrowing figure was revised down by £500m and July's was lowered by £2.5bn, although the figures for April and May both increased by £800m. |