Britain reveals drop in public borrowing
London - AFP
Britain's government borrowed less than forecast in April as high tax receipts boosted state coffers, official data showed on Wednesday. Public sector net borrowing stood at £6.3 billion ($9.5 billion, 7.4 billion euros) in April, the first month of the government's fiscal year, the Office for National Statistics said in a statement. The coalition's net borrowing had stood at £8.9 billion in April 2012, while analysts had forecast a smaller drop last month to £8.5 billion.
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