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DWF comments on October Public Sector finances

21 November 2019
Jonathan Branton, Head of Public Sector at DWF, comments on the latest ONS Public Sector figures released this morning. 
Jonathan said:

"These figures appear to confirm that the government has indeed been anticipating the forthcoming General Election and investing in the economy to a greater degree in recent months. 

"We would expect such a heightened level of intervention, funded by the current cheap cost of borrowing, to continue for the foreseeable future and in particular to help the economy over whatever bumps may be in store from the anticipated different stages of Brexit to come next year.

"New funds to support public sector-backed investments in town centres and high streets have been particularly noticeable.  

"Given the current pledges being made by both of the largest political parties for significantly higher public spending again, we can expect to see borrowing rise further still, in the hope of greater stimulation of the economy and especially of urban renewal."
 

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