One day bad economic news, the next day good economic news.
A little bit of something for everyone.
FriendlyUtilitarian on
Crucially, borrowing for the first four months of the fiscal year has been in line with the OBR’s forecasts. Total borrowing isn’t necessarily expected to fall because the capital budget (for investment in social and affordable housing, transport projects outside London, and nuclear power) was increased in the Budget and allocated in the Spending Review. The aim is instead to balance the current (day-to-day) budget and get the debt-to-GDP ratio falling over the course of the Parliament.
idek_just_for_fun on
Labour does incur less debt and pay back more than Conservatives, so I’m not exactly surprised
3 commenti
One day bad economic news, the next day good economic news.
A little bit of something for everyone.
Crucially, borrowing for the first four months of the fiscal year has been in line with the OBR’s forecasts. Total borrowing isn’t necessarily expected to fall because the capital budget (for investment in social and affordable housing, transport projects outside London, and nuclear power) was increased in the Budget and allocated in the Spending Review. The aim is instead to balance the current (day-to-day) budget and get the debt-to-GDP ratio falling over the course of the Parliament.
Labour does incur less debt and pay back more than Conservatives, so I’m not exactly surprised