borrowing

Government Borrowing Numbers Just Got a lot Better — So Why Is No-one Talking About It?

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The Office for National Statistics has quietly revised the government’s borrowing figures. And the picture is, on the face of it, better than expected. Borrowing in March 2026 came in at £12.6 billion — £1.4 billion lower than a year earlier, and the lowest March figure since 2022. More importantly, borrowing for the full financial … Read more

Labour Manifesto | All a bit Jim Callaghan

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The Labour Party manifesto came out today and helpfully they have produced a “Grey Book”, which sets out the financial framework for an incoming Labour Government. The financial framework is typical of Labour under Corbyn; lots of sensible, well thought out, pragmatic policies, mixed in with bat shit crazy stuff, and middle class fiscal fads. … Read more