By Chris Dorrell New figures have shown that government borrowing across the 2024 financial year came in ahead of official expectations in a blow to the Chancellor’s hopes of cutting taxes again before the election. According to figures from the Office for National Statistics (ONS), the government borrowed a total of £120.7bn in the 2024 financial year. While this was £7.6bn less than last year and around a third of what was borrowed during the pandemic, it was still £6.6bn more than the Office for Budget Responsibility’s (OBR) March forecasts. Government borrowing made up 4.4 per cent of UK G…