Government borrowing rose slightly in 2012-13 compared with the previous year, figures from the Office for National Statistics show.

Underlying public sector borrowing was £118.8bn, up from £118.5bn in 2011-12.

Labour called the figures another "damaging blow" to George Osborne's credibility.

However, the Treasury said there was "some good news" in the revised estimates.

Hugh Pym reports.