Thought for the Week: Public Finance Disasters in small print

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  • Thought for the Week: Public Finance Disasters in small print - 07 Aug 23
Gavin Oldham

Thought for the Week: Public Finance Disasters in small print

Gavin Oldham
Original Broadcast:

Thought for the Week

Thought for the Week: Public Finance Disasters in small print
Government Debt at the end of June '23 was £2.53 trillion, or £38,000 for every person living in the UK. This will be increased by 10% as a result of HM Treasury indemnifying the Bank of England for their QE losses and the cost of the dysfunctional HS2 project. Hidden away on page 54 of the Infrastructure and Projects Authority Annual Report is where you can find their assessment of the huge HS2 project: then check out William Hague's Times article, 'HS2 has gone from shambles to red alert'. Please visit the Share Radio webpage for links. Background music: 'Sarabande' by Joel Cummins

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Topics: UK (in Politics); UK (in Economics)

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