Government borrowing rose by a record £90bn in the last financial year, according to figures released today.
The Office for National Statistics revealed total net public debt has climbed to £743.6bn, more than half of the UK's entire GDP.
The Chancellor had forecast a rise in borrowing of £78bn in November's pre-Budget report, but the figure has risen substantially.
The higher than expected borrowing figures add weight to rumours the Chancellor will be forced to make spending cuts in today's Budget.IFAonline
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