GOVERNMENT borrowing hit a record £163.4bn this year, official figures have shown.
The figure for the 2009-10 financial year is under the £166.5bn predicted by Chancellor Alistair Darling in April's Budget.
However, It is the biggest annual borrowing figure for a UK government in peacetime, the Office for National Statistics (ONS) showed.
A further £23.5bn was borrowed in March, the figures from the Office for National Statistics (ONS) showed. The total government debt is £890bn, or 62 per cent of GDP.
Meanwhile the IMF said the UK economy would grow by just 2.5 per cent next year, compared with an earlier forecast of 2.7 per cent.