article_snippet.sent: Borrowing - excluding the effect of bank bailouts - was £87.3 billion for the year to the end of March, down from £98.5 billion in 2013/14, according to the Office for National Statistics (ONS).
article_snippet.sent: The result undershot the latest target of £90.2 billion set by the independent Office for Budget Responsibility (OBR) at the time of last month's Budget.
article_snippet.sent: As a percentage of gross domestic product (GDP)
article_snippet.sent: It has dropped by half from 10.2 per cent to 4.8 per cent.
article_snippet.sent: However, underlying debt of £1.48 trillion is more than £500 billion higher than the 2009/10 figure of £956 billion.
article_snippet.sent: The nation's debt represents 80.4 per cent of GDP, up from 62 per cent five years ago.
article_snippet.sent: But this would leave borrowing at £26billion a year in today's terms. '
article_snippet.sent: the Tories have borrowed £200 billion more than the Tories planned because the Tories failure to boost living standards has led to tax revenues falling short.'
article_snippet.sent: Mr Osborne seized on the demand for more spending and more borrowing and warned that Treasury analysis suggests Treasury analysis would add £6billion to Britain's interest bill, worth £350 per family.