This economic crisis, as well as the virus, is truly novel- it is not caused by bursting financial bubbles, deficient demand or underutilised potential. Revenues that would normally come from the population producing, earning and
Chart of the Week: Week 49, 2016: Impact of Forecasting Changes on Borrowing
The Office for Budget Responsibility has projected that the Brexit bill will be £60bn over the next five years as a result of lower growth and weaker tax returns.
Chart of the Week: Week 48, 2013: Public Sector Finances
Public sector finance figures were released at the end of last week, showing that net borrowing had decreased in the financial year 2012/13.