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

Assistant Service Manager

London Borough of Richmond upon Thames and London Borough of Wandsworth
£48,873 - £59,220
Assistant Service Manager<... Wandsworth, London
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Educational Psychologist - Main Grade

Essex County Council
£43483.0000 - £63394.0000 per annum
Essex County Council is seeking passionate and dedicated Main Grade Educational Psychologists to join our quadrant-led teams. England, Essex, Chelmsford
Recuriter: Essex County Council

Senior Product Support Analyst

Essex County Council
£33512.0000 - £39425.0000 per annum
Senior Product Support AnalystPermanent, Full Time£33,512 to £39,425 per annum Location
Recuriter: Essex County Council

Cycle Fleet Operator

Essex County Council
Up to £25959.00 per annum
Cycle Fleet OperatorFixed Term, Full Time£25,959 per annumLocation
Recuriter: Essex County Council

Cycle Fleet Operator

Essex County Council
Up to £25081.00 per annum
Cycle Fleet OperatorFixed Term, Full Time£25,081 per annumLocation
Recuriter: Essex County Council
Linkedin Banner