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.

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.

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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.