UK debt £10bn higher than expected

Britain's debt mountain was £10.7 billion higher than expected in the last financial year as it rose to more than three-quarters of gross domestic product (GDP), despite a fall in annual borrowing.

Underlying public sector debt was £1,268.7 billion for the year to the end of March, ahead of the £1,258 billion forecast last month by the Office for Budget Responsibility (OBR), as central government receipts were lower than the OBR expected.

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