By Chris Dorrell The government borrowed much less than expected in December, helped by falling interest payments, in a boost for the government’s hopes of cutting taxes in the Spring Budget. According to figures from the Office for National Statistics (ONS), the government borrowed £7.8bn in December, significantly lower than the £14bn expected by the Office for Budget Responsibility (OBR). The figures for December 2023 were also £8.4bn less than a year earlier. According to the ONS, tax receipts were lower than the OBR had predicted, suggesting the beneficial impact of fiscal drag on the sta…