Michael Burton 21 August 2020

Lockdown havoc on finance figures

Lockdown havoc on finance figures image

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 (£).

The LATCo model image

The LATCo model

Mark Scott explains how local authorities can deliver profit with a purpose.
SIGN UP
For your free daily news bulletin
Highways jobs

Project Engineer

Via
Competitive Salary
Via currently has fantastic permanent and fixed-term opportunities to join our Major Projects & Improvements Team as a Project Engineer Nottingham, Nottinghamshire
Recuriter: Via

Lead Project Manager

Via
Competitive Salary
Via currently has a fantastic opportunity to join our Major Projects & Improvements Team as a Lead Project Manager Nottingham, Nottinghamshire
Recuriter: Via

Highway Improvements Officer

Via
Competitive Salary
Via currently has fantastic opportunity to join our Major Projects and Improvements Team. Nottingham, Nottinghamshire
Recuriter: Via

Family Worker (Link Role) - Family Solutions - Harlow

Essex County Council
Negotiable
Family Solutions is an Early Help service in Essex working holistically with disadvantage families, with multiple difficulties to enable them to make England, Essex, Harlow
Recuriter: Essex County Council

Park Ranger

Royal Borough of Greenwich
£21.591 - £21.981
This is an exciting opportunity to be part of a dynamic team of staff responsible for the security, cleanliness and general maintenance and... Greenwich, London (Greater)
Recuriter: Royal Borough of Greenwich

Public Property

Latest issue - Public Property News

This issue of Public Property examines how how flexible workspaces can lead the way in regeneration for local authorities, Why local authority intervention is key to successful urban regeneration schemes and if the Government’s challenge of embracing beauty is an opportunity for communities.

The March issue also takes a closer look at Blackburn with Darwen Council's first digital health hub to help people gain control over health and care services.

Register for your free digital issue