Thanks once more to Dottie for alerting me to this. From Richard Murphy, today: The national debt has just fallen by £1.5 trillion There is a very strange feature that, as far as I can see, has not had much attention paid to it so far within the Whole of Government Accounts for the year to 31 March 2023 that were published yesterday. Ignoring the fact that, as I noted yesterday, these accounts were subject to qualification by the National Audit Office because about 90% of the data from local authorities required for their preparation was either unavailable or had not itself been audited, some … Continue reading Latest UK national debt has fallen by £1.5 TRILLION so Labour cannot deny pensioners a country in which it is possible to live in their old age

The Herald today reports: UK public sector borrowing came in higher than expected in June, according to the Office for National Statistics (ONS). Borrowing was £14.5 billion in June, £3.2 billion less than June last year, but well above the £11.6 billion forecast by the Government’s spending watchdog, the Office for Budget Responsibility (OBR). Scotland can borrow a bit, contrary to some claims. From the Ferret: Under the fiscal framework, Scotland’s borrowing powers are limited. However, they do have some ability to borrow within the fiscal rules.  The Scottish Government is able to borrow for both resource and capital spending, but does not … Continue reading England’s national debt is 885 times Scotland’s borrowing limit