By Daniel Hunter

Data released by the Office for National Statistics (ONS) today (Wednesday) has revealed that public sector net borrowing, excluding interventions such as bank bail-outs, rose to £15.2 billion.

This is in comparison to £8.9 billion for the same time last year, and almost double what analysts had predicted.

The figures may come as a blow to Chancellor George Osborne who will deliver his third Budget later today (Wednesday), where he will be looking to bring down the top rate tax.

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