Black's Property Blog

Adrian Black delivers critical property market insights and the influences, behaviour and money driving them.

Government borrows £11.6bn in August

by Adrian Black, Wednesday 24 September 2014

Good growth but high government borrowing means new ways required to raise more tax.

Government borrowed £45.5bn for first 5 months of financial year, this equates to £2.6bn more than last year!

National debt currently £1.3 trillion - 77% of UK GDP.

 

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