'Difficult borrowing figures due to tax shortfall'
The UK government borrowed more than expected in July, traditionally a good month for tax receipts, the Office for National Statistics said.
Borrowing to cover the gap between spending and revenue was £600m in July.
There was a surplus of £2.8bn in the same month a year earlier.
The Economic Secretary to the Treasury Chloe Smith blamed disappointing corporation tax receipts.
21 Aug 2012
- From the section Business