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13 Oct 20
The UK will need £40bn in tax rises in five years’ time to prevent debt from ‘spiralling upwards’, according to the Institute for Fiscal Studies.
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3 Sep 20
Local public bodies borrowed £115.6m last month from the Public Works Loan Board, a decrease of more than 30% on £187.2m borrowed in July.
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5 Aug 20
Local public bodies borrowed £187.2m last month from the Public Works Loan Board, almost a 50% rise on £125.6m borrowed from the board in June.
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19 Jun 20
Public sector net debt rose to 100.9% of GDP in May, the first time debt has exceeded 100% since 1963, as a result of the Covid-19 pandemic.
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24 Apr 20
The Debt Management Office is set to continue record gilt issuance, with £180bn to be offered over the next three months.
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2 Apr 20
The Debt Management Office is set to auction a record £45bn in gilts this month, in order to help finance the government’s response to the coronavirus pandemic.