Public Finances

  • Labour’s spending splurge (Finance Report)

  • Chancellor falls back on promise

    It’s not good news for Chancellor Rachel Reeves MP (Leeds West and Pudsey/Labour). The Office for Budget Responsibility estimates her Department borrowed over £150 billion in the last year. It’s 15.8% more than the year before it.

    Her promise to end reliance on borrowing is falling flat. It also shows analysts in the Treasury are falling behind. It’s not a good look for Labour. Neither is it promotional material for a Civil Service said to be good at doing it. This begs to differ.