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ICAEW responds to April 2021 public sector finance figures

Author: ICAEW

Published: 25 May 2021

Tuesday 25 May 2021: Alison Ring OBE FCA, ICAEW Public Sector Director, comments on the public sector finance figures for April 2021, released by the Office for National Statistics.

Alison said:

“It is difficult to read too much into the first month’s numbers in a new financial year, but the Chancellor is likely to be relieved that the gap between receipts and spending is narrower than that seen last year during the first lockdown. But the public finances are not out of the woods, with tax receipts still below pre-pandemic levels and COVID-related spending continuing to drive up borrowing.

“The focus over the next few months is likely to be on the next Spending Review, which will decide on future public spending and investment with the long-awaited social care funding strategy now anticipated to be announced later this year. However, the need to address the long-term unsustainability of the public finances shouldn’t be forgotten.”


Notes to editors

April 2021 public sector finance figures, released by the ONS