The next Chancellor faces a disappointing batch of figures on the public finances with borrowing in June at its highest for that month in four years.

Latest figures from the Office for National Statistics show that borrowing in June 2019 was £7.2bn, £3.8 bn more than in June 2018, the highest June borrowing since 2015. Borrowing in the current financial year-to-date (April 2019 to June 2019) was £17.9bn, £4.5bn more than in the same period last year.