LONDON: British state borrowing fell only slightly last month, official data showed on Tuesday.
Public sector net borrowing, the government's preferred measure of the deficit, dipped to £11.4 billion ($19.5 billion, 14.4 billion euros) in June.
The figure, which excludes financial sector intervention measures and transfers from the Bank of England's cash stimulus scheme, compared with £11.5 billion in the same month of 2013.
"The public finances were essentially only stable year-on-year in June after stripping out all distorting effects," said economist Howard Archer at research consultancy IHS Global Insight.
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