25 Jan 2021 Public Borrowing Set to Hit £400B this Year, Despite Recent Trends

Samuel Tombs (UK Economist)25th Jan 2021 00:00U.K., Economic Monitor

The public finances are in worse shape than the latest borrowing numbers indicate. For now, the ONS estimates that borrowing on the main "PSNB ex." measure was £34.1B in December, well below the OBR’s £40.1B forecast.

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April borrowing budget coronavirus corporation tax December deficit economy election gdp government health healthcare households housing income January labour loan March May November November forecast obr ONS paye pension pm production psnb public finances public sector q1 q2 q4 remain self-employment sentiment tax tax receipts taxes tory treasury

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