The British state is on course to spend more money this year than ever before – including the height of the pandemic – as cost-of-living support and interest costs kick in 🔴 HugoGye
than ever before – including the height of the pandemic – as cost-of-living support and interest costs kick in.
In this fiscal year, which started in April, the state has spend a total of £629bn, according to the Office for National Statistics . That is higher than the equivalent period in 2020, the year the pandemic hit and the furlough scheme was introduced, when the Government spent £629bn between April and November.is likely to exceed the record of £934bn which was recorded in 2020-21.
“We have a clear plan to help halve inflation next year, but that requires some tough decisions to put our public finances back on a sustainable footing.” But the overall stock of public debt shrank slightly as a proportion of GDP, which is one of the key fiscal rules set by Mr Hunt.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China narrows definition of Covid deaths as official toll plunges\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Read more »
China reports no new Covid deaths despite packed hospitals and crematoriumsChina reported no new Covid-19 deaths in its growing outbreak 🔴 But experts have disputed China’s categorisation of Covid deaths as resulting from pneumonia or respiratory failure, saying ‘a lot of cases’ will be missed
Read more »
China’s U-Turn on Zero-COVID Shows Xi's Deep ParanoiaChina's reversal on Zero-COVID underscores the fickleness of strongman rule—from suffocating control to callous inaction
Read more »
The most common Covid symptom could be mistaken for cold as cases riseOne key sign of the virus is overlapping with a common cold and flu symptom.
Read more »
China’s fiscal deficit hits record as Covid and property slump take toll\n\t\t\tLet our global subject matter experts broaden your perspective with timely insights and opinions you\n\t\t\tcan’t find anywhere else.\n\t\t
Read more »
Yergin: Oil Prices Could Break $120 If China Overcomes Covid | OilPrice.comDaniel Yergin, the vice chairman of S&P Global, believes that oil prices could hit $121 if China gets over Covid, although his base case for oil in 2023 is $90
Read more »