•Public sector net borrowing excluding financial interventions (PSNB ex) was £11.4 billion in June 2014. This was £3.8 billion higher than last June. There was no transfer from the Bank of England Asset Purchase Facility Fund (APF) in June 2014; however there was a £3.9 billion APF transfer in June 2013. When APF transfers are excluded from net borrowing, last June was £11.5 billion (similar to June 2014). •For the financial year 2013/14, PSNB ex was £93.7 billion. This was £13.0 billion higher than the same period in 2012/13. •When the transfers of the Royal Mail Pension Plan and APF are removed, PSNB ex for 2013/14 ... (full story)