Public sector net borrowing rose sharply in June because of higher debt interest payments and rising spending on services, figures show. It totalled £7.2bn, according to the Office for National Statistics, up from £3.3bn in June 2018. It was the highest June borrowing since 2015, the ONS said. The government took in £800m more in tax and National Insurance contributions than a year previously, but debt repayments rose by £2.1bn. The ONS said there was "a notable increase" in expenditure on goods and services of £1.2bn, while the UK's contribution to the EU increased by £400m compared with June 2018. In the three ... (full story)