This morning marks a milestone – but it’s nothing to celebrate. Public sector net debt as a percentage of the economy has exceeded 100 per cent: a level not seen since the early 1960s. And there are no signs of course correction.
The latest update from the Office for National Statistics shows, once again, that the government is spending plenty more than it takes in, with borrowing figures for August coming in at £13.7
Already a subscriber? Log in
Subscribe for just $2 a week
Try a month of The Spectator Australia absolutely free and without commitment. Not only that but – if you choose to continue – you’ll pay just $2 a week for your first year.
- Unlimited access to spectator.com.au and app
- The weekly edition on the Spectator Australia app
- Spectator podcasts and newsletters
- Full access to spectator.co.uk
Or
Comments
Don't miss out
Join the conversation with other Spectator Australia readers. Subscribe to leave a comment.
SUBSCRIBEAlready a subscriber? Log in