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| Government borrowing higher than expected in April | Government borrowing higher than expected in April |
| (32 minutes later) | |
| UK government borrowing was higher than expected in April, according to the latest official figures. | UK government borrowing was higher than expected in April, according to the latest official figures. |
| Borrowing - the difference between spending and tax income - was £20.2bn, up £1bn from April last year. | Borrowing - the difference between spending and tax income - was £20.2bn, up £1bn from April last year. |
| That was higher than the £17.9bn borrowing figure that analysts had predicted. | That was higher than the £17.9bn borrowing figure that analysts had predicted. |
| The figure was the fourth-highest April borrowing figure since monthly records began in 1993, the Office for National Statistics (ONS) said. | |
| Tax receipts were more than £5bn higher, in part due to increases in National Insurance contributions paid by employers. | |
| But government expenditure also rose, largely due to pay rises, higher costs due to inflation, and increases in pensions and other benefits. | |
| The ONS also said that borrowing for the financial year that ended in March is now estimated to be £148.3bn, which is £3.7bn less than initially thought. | |
| However, the figure is still £11bn more than expected by the UK government's independent forecaster, the Office for Budget Responsibility. |