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.
The UK’s public sector borrowing is forecast to increase to £49.9bn during the current financial year, ending in March 2018, according to official figures.
Government borrowing has increased by 61% since 2009-10 and, while costs have been kept down, the size of the debt poses a significant risk to the public finances, government auditors have warned.
Public sector borrowing was £6.82bn in April 2015, a decrease of £2.5bn compared to same month last year, the lowest in the months of April since 2008, the Office for National Statistics...
Rules governing council borrowing could be loosened in the next parliament as part of moves to improve the integration of public services, ministers have indicated.
