Borrowing set 
to miss targets

Chancellor George Osborne’s deficit-busting plans will come under more pressure today as figures show Government borrowing is on course to miss full-year targets.
By The Newsroom
Published 20th Jul 2012, 13:00 BST

Public sector net borrowing, excluding financial interventions such as bank bailouts, is expected to be £13.3 billion in June, compared with £13.1 billion last year.

Osborne wants to trim borrowing in 2012/13 to £120 billion, but some economists have warned that the Chancellor 
is already on course to significantly overshoot his full-year target.