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Uk Borrowing Revised Down For 2012-13

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The government borrowed slightly less than first thought in the 2012-13 financial year, the latest official figures suggest.

The Office for National Statistics (ONS) said the government borrowed £119.5bn last year - down from the initial estimate of £120.6bn.

But it is still only slightly lower than the £120.9bn borrowed in 2011-12.

Nevertheless it allows Chancellor George Osborne to maintain that borrowing is falling as promised.

Borrowing in April was at £10.2bn - slightly higher than last year - but that figure excludes the effects of the government's bank bailout and the Royal Mail pension transfer.

When they are included, borrowing for the month was £8bn.

Excellent news we borrowed £1.1bn less than thought. The recovery is here, we only needed £119.5bn!

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It's OK Carnage will print more than that in September alone, problem solved.

He'll fart more than that on his first visit to Merv's dunny.

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  • 244 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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