The UK Government’s budget deficit for this year will reach 19 per cent of GDP for 2020/21, according to Chancellor Rishi Sunak. It’s worth reflecting on that figure in the context of the Scottish independence debate. For years, we have been told by opponents of independence that a prospective budget deficit in an independent Scotland […]
Spending Review
What should we expect from Chancellor Rishi Sunak’s Spending Review today? Not austerity – at least not yet, at least not for most. The hedge fund chancellor was keen to emphasise that point with Andrew Marr on Sunday, that there “will not be austerity” now, but at some point borrowing will “have to be grappled […]