UK government borrowed £13bn less than expected last year

The UK government borrowed about £13bn less than expected last year, official figures show, despite the budget deficit reaching the fourth-highest level on records dating back to 1946.

The

said the gap between the state’s revenues and its spending was estimated at £139bn in the 12 months to March, an increase of more than £18bn from a year earlier.

However, the figure is lower than the £152bn forecast made…