The Office for National Statistics (ONS) said public sector net borrowing was £16 billion in June, which was 33.1% less than the same month last year.

Sharp fall in debt interest payments last month helped lower government borrowing costs but experts warn the new Andy Burnham government still faces tough challenges ahead, with…

The Office for National Statistics (ONS) said public sector net borrowing was £16 billion in June, which was 33.1% less than the same month last year.