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

Integrated Resource Teaching Assistant

Wakefield Council
£17,900.42 to £19,079.41 pro rata, Grade 5
We are looking to recruit additional staff to our already established team of support staff. Wakefield, West Yorkshire
Recuriter: Wakefield Council

SEND Sufficiency - Delivery Officer

Wakefield Council
£35,412.00 to £38,220.00, Grade 8
Wakefield Council is seeking a proactive and skilled SEND Sufficiency Delivery Officer Wakefield, West Yorkshire
Recuriter: Wakefield Council

Team Leader (Maintenance Operations)

Cardiff Council
Grade 10 - £48,226 - £51,356
Cardiff is growing faster than any other capital city in Europe. Cardiff (Caerdydd)
Recuriter: Cardiff Council

Housing Tenancy Coordinator - Care Experienced - WMF2270e

Westmorland and Furness Council
£34,434 - £35,418
Make a lasting difference in the lives of care experienced young people Kendal, Cumbria
Recuriter: Westmorland and Furness Council

Pre-School/Nursery Assistant

Essex County Council
Up to £13.00 per hour
Pre-School/Nursery AssistantPermanent, Part Time£13.00 per hourLocation
Recuriter: Essex County Council
Linkedin Banner