Government borrowing hits highest August level for five years

UK government borrowing in August hit the highest level for the month in five years, according to the latest official figures.Borrowing - the difference between public spending and tax income - was £18bn in August, the Office for National Statistics (ONS) said. That was up £3.5bn from the same month last year and higher than analysts had been forecasting.The UK statistics body said that while tax and National…