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

Social Worker - Children with Disabilities Team, Mid Essex

Essex County Council
£38487.0000 - £51834.0000 per annum
Social Worker - Children with Disabilities Team, Mid EssexFixed Term, Full Time£38,487 to £51,834 per annumLocation
Recuriter: Essex County Council

Team Manager - Family Solutions Service, Mid Essex

Essex County Council
£55832.0000 - £69241.0000 per annum
Team Manager - Family Solutions Service, Mid EssexPermanent, Full Time£55,892 to £69,241 per annumLocation
Recuriter: Essex County Council

Social Worker - Family Finding, Adoption

Essex County Council
£36124.0000 - £51834.0000 per annum
Social Worker - Family Finding, AdoptionPermanent, Full Time£36,124 to £51,834 per annumLocation
Recuriter: Essex County Council

Business Finance Manager (Commercial Focus)

North Yorkshire Council
£51,356 - £55,539 per annum
North Yorkshire Council is seeking a high-calibre, commercially astute finance leader to oversee the financial function Northallerton, North Yorkshire
Recuriter: North Yorkshire Council

Nursery Assistant

Durham County Council
Grade 4 £25,583 - £26,824
Join us in making a difference in the lives of children and their families!    Are you passionate about delivering exceptional childcare services? We Stanley
Recuriter: Durham County Council
Linkedin Banner