WHITEHALL

Rise in local government net borrowing

Public sector debt continues to rise but at a slower rate than the previous three years, according to latest Office for National Statistic figures.

Public sector debt continues to rise but at a slower rate than the previous three years, according to latest Office for National Statistic figures.

Net borrowing decreased by £16.7bn to £74.9bn over the year to March 2016 and public sector net debt at end of May 2016 was 83.7% of GDP. 

Michael Burton

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