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Eu Budget Payment Pushes Up Uk Borrowing

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UK government borrowing rose to £13.1bn in December, official figures show, largely as a result of a £2.9bn payment to the European Commission budget.

Figures from the Office for National Statistics show public sector net borrowing rose from £10.3bn a year earlier.

From April to December borrowing was £86.3bn, down slightly from the £86.4bn borrowed in the same period a year ago.

The government's borrowing target for the year to April 2015 is £91.3bn.

Although the budget contribution payable to the European Commission appears in the government's December accounts, the actual money will only be paid later in 2015.

So we paid all the £2.9bn in one go then?

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