UK Government Running Budget Deficits for years to come.

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

https://www.gov.uk/government/topical-events/autumn-statement-2016

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:

http://budgetresponsibility.org.uk/

£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.

Leave a Reply

Your email address will not be published. Required fields are marked *