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

Director of Social Work and Social Care

Trafford Council
£100,731 to £104,625
You will join a values-driven senior leadership team, providing visible and responsive leadership. Manchester
Recuriter: Trafford Council

Housing Ombudsman

Housing Ombudsman Service
£130,095 per annum, negotiable based on experience.
The Housing Ombudsman Service allows colleagues to choose if they wish to work in the London office, from home or a hybrid of the two London (Greater)
Recuriter: Housing Ombudsman Service

Employment Specialist – Connect to Work

London Borough of Richmond upon Thames and London Borough of Wandsworth
£37,602 - £45,564 (pro rota)
Employment Specialist – Connect to Wo... Twickenham. Greater London
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Information Governance Assistant - 18 month FTC

Essex County Council
£25081.00 - £27653.00 per annum + + 26 Days Leave & Local Gov Pension
Information Governance AssistantFixed Term, Full Time£25,081 to £27,653 per annumLocation
Recuriter: Essex County Council

Placement Coordinator

Essex County Council
£25081.00 - £27653.00 per annum
Placement CoordinatorFixed Term, Full Time£25,081 to £27,653 per annumLocation
Recuriter: Essex County Council
Linkedin Banner