New figures from the Office for National Statistics this morning show that the debt ratio in May has been pushed up from 98.1% to 99.8%, the highest since records began in 1993. Borrowing in the financial year-to-May 2024 was £33.5 billion, the fourth highest since records began – public sector debt is at its highest level since 1961. So much for that pledge…
Borrowing is, however, below OBR forecasts thanks to debt servicing costs on government bonds falling from £9.2 billion in April to £8 billion last month. A stable deathtrap for any prospective Chancellor refusing to cut spending. That is, all of them…
Former leader of the SNP in Westminster Ian Blackford told Times Radio why he believes Nicola Sturgeon’s claim that she spent no time in the kitchen and therefore didn’t see any of her husband’s purchases:
“She doesn’t have a passion for cooking.”