UK government borrowing sees slight dip

The UK government borrowed £120.6bn in the financial year to April 2013, slightly lower than the amount it borrowed the previous year.

The amount was just £0.3bn lower than the previous year's total of £120.9bn.

The government wants to eliminate the budget deficit by 2017-2018.

A Treasury spokesperson said the government was fixing the UK's economic problems, but Labour said the pace of deficit reduction was "catastrophically off course".

Simon Gompertz reports.