Chart of the month: borrowing to exceed half a trillion pounds
29 May 2020: Government looks to financial markets to fund large-scale fiscal interventions in the economy
Public sector
ICAEW members work in the public interest for the long-term benefit of the UK. Many of our members work in the public sector, or are auditors or consultants to public-sector organisations. ICAEW supports strong financial leadership and public finance management – featuring accountability, transparency, and strong corporate governance and ethics – to ensure that public money is spent wisely.
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ICAEW publishes Fiscal Insight on coronavirus and the public finances
28 May 2020: huge economic shock combined with unprecedented fiscal interventions are driving a global and UK fiscal crisis.
April public finances awash with red ink
27 May 2020: fiscal deficit of £62.1bn in April exceeds budget of £55bn for the whole of 2020-21.
Local government funding in crisis
26 May 2020: extra government funding has not been enough to cover growing deficits in local authority finances as lockdown measures have caused council revenue streams to plummet.