Public Finance
Commons · Question 900227 · Tabled 27 Aug 2024 · Treasury · Official record
Answered 3 Sep 2024
Question
Asked by Gareth Bacon
What recent assessment she has made of the impact of levels of borrowing on public finances.
Answer
Answered by Tulip Siddiq, 3 Sep 2024
Borrowing for the first four months of the financial year was £51.4bn, £4.7bn higher than the OBR forecast in March. This adds to the challenging fiscal position the government has inherited, with debt at its highest level since the 1960s. The Chancellor ...