Austerity isn't working. The public sector had a deficit on its current budget of £41.6bn in the three months to June, which is £6.5bn more than in the same period last year. Tax rises and spending restraint, then, have not reduced borrowing.
Ready to join us? Start with a free account
Become a registered user today and enjoy:
- 3 free full-length articles every month
- Weekly editorial newsletters providing the latest market updates
- Investment tools to help you manage your portfolio
- In-depth podcasts on topics that matter to your money