Gerge Osborne misses figure as cash-strapped councils dip into militia and ascent debt to stock outgo deficit Britain borrowed more expected in the finis fiscal yr as local councils sought-after to satisfy the gap created by recondite cuts in their budgets by dipping into their militia and increasing debt. Local government borrowed nigh £6bn, more £4bn higher than the late 12 months, offsetting bumper tax revenue and a clampdown on key administration disbursement.
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