UK June public finances show government slipping off target

From reuters.com

Britain's public finances showed a bigger than expected deficit in June, continuing a weak start to the tax year that leaves Chancellor George Osborne with a lot of catching up to do to meet his fiscal goals. The latest figures show the government has so far failed to reduce public borrowing during the first three months of the 2014/15 fiscal year, with less than a year to go before a national election. The public sector finances, excluding financial sector interventions, showed a deficit of 11.368 billion pounds in June, the Office for National Statistics said on Tuesday. This is up from 7.594 billion in June 2013 ... (full story)