Borrowing hit a five-year high in August, casting further gloom over the economic outlook and piling pressure on the chancellor to raise taxes at the Budget.
The Office for National Statistics was underfunded for what it was expected to achieve, with competing demands from different parts of government, according to its former head.
UK public sector borrowing last month was the fourth highest October figure since the Office for National Statistics began collecting data, a fact it put down to the government beginning to subsidise...
Public sector borrowing fell in April as the recovery from the Covid-19 shock continued, but measures to ease the cost-of-living crisis remain “tricky” according to commentators.
Public bodies could face pressure from growing direct costs alongside impacts from inflated prices for third party suppliers, according to the Office for National Statistics.
Councils received £700m more than they spent last year, down 90% on the 2021-22 surplus, while the overall public sector deficit fell by more than a half.
The Office for National Statistics is helping drive forward international efforts to help governments go ‘beyond GDP’ in measuring human progress, says Richard Heys.
Government borrowing in the financial year to date is around 25% lower than previously forecast, as the Covid-19 recovery continues, according to the Office for National Statistics.
Central government bodies’ day-to-day spending rose to £86bn last month, the highest monthly total since May, according to the Office for National Statistics.
The UK economy continued its recovery in July as GDP rose by 6.6% month-on-month, the third consecutive month of growth following April’s record GDP fall of 20%, according to the Office for National...
Local authority borrowing continued to rise in June to £3bn, £100m more than in May, and ten times higher than the figure for June 2019, according to figures from the Office for National Statistics.
Public sector borrowing hit a record £62.1bn in April 2020, during the first full month of Covid-19 lockdown measures, according to the Office for National Statistics.
The number of people claiming unemployment benefit jumped to 2.1 million in April – the first full month of lockdown – according to data from the Office for National Statistics.
UK GDP contracted by 2% in the first quarter of this year, the biggest drop since the 2008 financial crisis, according to statistics from the Office for National Statistics.
UK GDP failed to grow in the three months to October because of falls in the manufacturing and construction industries, according to data released by the Office for National Statistics.
