UK Government borrowing fell by a third last month, a bigger decline than forecasters were expecting and delivering some early relief to John Healey on his first day as Chancellor, official figures show. The Office for National Statistics (ONS) said public sector net borrowing was £16 billion in June, which was 33.1% less than the same month last year. The lower-than-forecast figure may offer some respite to Mr Healey, who was appointed Chancellor by new Prime Minister Andy Burnham on Monday. Borrowing between April and June, the first three months of the financial year, was £56.7 billion, coming in £2.7 billion above the OBR's forecast. Dennis Tatarkov, senior economist at KPMG UK, said: "Borrowing for the first three months of the current financial year was £2.7 billion above the OBR's March projections.