Osborne scrapes home by a mere £0.3 billion
The latest public sector finances data, released today by the Office for National Statistics, make gloomy reading for George Osborne. He managed to reduce the deficit on last year’s figures by a mere...
View ArticleOsborne dodges a bullet but debt continues to rise
Economic data is coming thick and fast. Sandwiched between last week’s poor unemployment data and Thursday’s forthcoming results for GDP in the first quarter of the year, public finance figures were...
View ArticleHas the deficit really gone down?
As Ed Conway has noticed, if you exclude the effects of either Northern Rock asset reclassification or the profits of the SLS from today’s public sector borrowing figures, the deficit is actually...
View ArticleIgnore the rhetoric: the deficit is growing
According to the latest ONS borrowing figures, the deficit for April was £6.3bn, which is around £2bn lower than expected. Public sector net borrowing for the previous year (2012/13) was revised down...
View ArticlePublic sector borrowing higher this year than last
The latest public sector finances data, released today by the Office for National Statistics, show that public sector borrowing in 2012/13 was £118.8 billion when you exclude Quantitative Easing and...
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