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  1. Jun 21, 2024 · Public sector net debt excluding public sector banks was provisionally estimated at 99.8% of gross domestic product (GDP) at the end of May 2024; this was 3.7 percentage points more than at the...

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      Public sector revenue, expenditure and net fiscal balance on...

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      Public Sector Net Borrowing (excluding Public Sector Banks –...

  2. 2 days ago · Investors will be pondering what the future holds with Labour now in power. A delve back into historical data shows that Labour has largely had positive returns when it's in office. The FTSE 250 ...

  3. 3 days ago · The U.K.’s Labour Party won big in Thursday’s election and is now set to take over from the Conservatives after 14 years, at a time when economic uncertainty is still rife in the country. The ...

  4. 16 hours ago · The Chancellor said had the UK economy grown at the average rate of OECD economies over the fourteen years from 2010, it would be £143.3 billion larger – worth £5,053 for every household in ...

  5. 3 days ago · The Labour manifesto was silent on pension tax relief and allowances. The pensions lifetime allowance (which contrary to the name, is effectively a limit on tax-free pension saving) was scrapped by the Conservatives in April 2023. Keir Starmer had vowed to bring it back, but Labour didn’t include any mention of it in its manifesto.

  6. Jul 1, 2024 · Today, the BoE pays 5.25 per cent interest on the money it created to buy government bonds, far higher than the 2 per cent rate of return it is getting on its outstanding stock of gilts.

  7. Jun 21, 2024 · The total amount the government owes is called the national debt. It is currently about £2.7 trillion. That is roughly the same as the value of all the goods and services produced in the UK...

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