Michael Burton 21 August 2020

Lockdown havoc on finance figures

Public debt has bust the £2 trillion mark for the first time, up by £227.6bn over the same time last year as the lockdown wreaks havoc on the public finance figures.

However, the Office for National Statistics (ONS) has reduced its estimate of local government borrowing by £1bn.

Debt at the end of July was 100.5% of gross domestic product (GDP), an increase of 20.4% compared with the same point last year and the first time it has been above 100% in almost 60 years.

In July the public sector borrowed £26.7bn or £28.3bn more than it borrowed in July 2019.

To continue reading visit The MJ (£).

SIGN UP
For your free daily news bulletin
Highways jobs

Child & Young Persons Support Manager

Essex County Council
£48205.0000 - £57988.0000 per annum
Child & Young Persons Support Manager - Children with Disabilities Team, North EssexPermanent, Full Time£48,205 to £57,988 per annum Location
Recuriter: Essex County Council

Recovery Housing Caseworker

Middlesbrough Council
£31,022 - £32,597
We have an exciting role on offer within our Public Health Service as a Recovery Housing Caseworker. Middlesbrough, North Yorkshire
Recuriter: Middlesbrough Council

Principal Public Protection Officer (Environmental Protection)

Middlesbrough Council
£45,091 - £50,269
We have an exciting role on offer within our Public Protection service Middlesbrough, North Yorkshire
Recuriter: Middlesbrough Council

Domestic Abuse Financial Inclusion Support Officer

Durham County Council
Grade 9 - £35,412 - £39,152
This role presents a valuable opportunity to offer advice and practical support to individuals affected by domestic abuse, including economic abuse, w Spennymoor
Recuriter: Durham County Council

Teaching Assistant

Durham County Council
£28,142- £31,022
Enhanced Teaching Assistant (Nursery) Permanent, Full Time, Term Time Only +2 weeks. Required to start 1st September 2026.   The governors of Timothy Durham
Recuriter: Durham County Council
Linkedin Banner