LONDON: Britain's government borrowed less than expected in May owing to one-off factors, official data showed on Friday, boosting finance minister George Osborne ahead of his latest spending review due next week.
Public sector net borrowing, a measure of the public deficit, stood at #8.8 billion ($13.6 billion, 10.3 billion euros) in May, the Office for National Statistics (ONS) said in a statement.
Market expectations had been for a smaller drop last month to #12 billion, according to analysts polled by Dow Jones Newswires. The coalition's net borrowing had stood at #15.6 billion in May 2012.
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