UK Government Running Budget Deficits for years to come.

On Wed 23rd November, the UK Government gave it’s Autumn Statement.

What is true is that the HM Government, will spend more money that it earns. Thus expenditure will exceed income, but how by how much ?

Office for Budget Responsibility (OBR) forecasts:

£68.2bn in 2016-17
£59.0bn in 2017-18
£46.5bn in 2018-19
£21.9bn in 2019-20
£20.7bn in 2020-21

So over the next 5 years, the UK National debt will GROW by £216.3 Billion. But it remember, we are in it together.

Asad Karim