Public sector debt surged by more than £300BILLION since April

Public sector debt has surged by more than £300billion since the start of April last year as ministers continue to scramble to borrow cash to keep the UK afloat during the coronavirus crisis.    Office for National Statistics data released this morning showed that some £316.4billion has been added to the UK’s debt mountain since the … Read more

Public sector debt surged by more than £300BILLION since April

Public sector debt has surged by more than £300billion since the start of April last year as ministers continue to scramble to borrow cash to keep the UK afloat during the coronavirus crisis.    Office for National Statistics data released this morning showed that some £316.4billion has been added to the UK’s debt mountain since the … Read more

Government borrowing is set to soar to nearly £300BILLION this year, OBR warns

Government borrowing is set to soar to nearly £300billion this year with the debt mountain growing bigger than the whole economy, new estimates found today. The OBR’s latest ‘scenario’ for the crisis sticks to dire suggestions that the economy will shrink 35 per cent in this quarter – more than predicted by the Bank of England. … Read more