Autumn Statement: Government borrowing forecast raised

December 3, 2014 12:52 PM

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Autumn Statement: Government borrowing forecast raised

The government is expected to have to borrow more money this year than had previously been predicted.

The independent Office for Budget Responsibility (OBR) has raised its forecast for the current financial year from £86.6bn to £91.3bn, which is still below last year's borrowing of £97.5bn.

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