Chancellor undershoots borrowing target againpublished at 10:12
Something of a boon this for Chancellor George Osborne and his colleagues. Official figures show government borrowing for the financial year 2014-2015, which ended in April, fell to £87.3bn.
This is fairly significant for a couple of reasons. Firstly it's the second year in a row that government borrowing has fallen below target, which suggests the economy is continuing to improve.
Second, it's the rate at which government borrowing is falling. Last year the government borrowed £98.4bn, so this year's figure of £87.3bn shaves £11.1bn off the previous year's borrowing figure.
Not only that but the borrowing target for 2014-15 has been under constant attack in the past year undergoing several revisions by the Office of Budget Responsibility. The borrowing target had started at around £95bn in the March 2014 Budget before falling to £90.2bn in March 2015.
Expect to hear plenty about the country's economic progress under the Conservatives in the next couple of days especially if next week's economic growth figure is favourable too.
The election could still turn out to be about the economy after all.