Unfunded Government Spending Up £1.4 billion in October

Public sector net debt (on the Treasury’s definition) rose to £640.9 billion, or 42.9% of GDP. This does not include other liabilities such as off-balance sheet public sector pension liabilities.

Unfunded government spending is getting worse as the economy nose-dives. it would have been much worse if wasn’t for the receipts from oil companies.

With oil back down to $50 a barrel that won’t be the case in the future…


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Quote of the Day

Expelled Tory MP, Richard Benyon, on the short three-day Programme Motion for the Withdrawal Agreement Bill:

“Whether you had three days, three weeks or three months debating this, you would not hear one original argument that we hadn’t otherwise heard in this process…”

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