Debt and deficit

Fact checks related to policies of austerity and public and national debt

1 March 2017

Economy, Business & Finance

Government borrowing

Borrowing peaked at about 10% of the size of the economy (GDP) in 2009/10, and it’s now down to about 3.5%. That’s a relatively large deficit, but not off the scale historically. Read

Fact checks
7 December 2016

Economy, Business & Finance

Jobcentre closures

Half the Jobcentre Plus sites in Glasgow are set to close under DWP plans. The Department plans to reduce its office space nationwide by 20%. Read

Fact checks
25 November 2016

Economy, Business & Finance

Brexit means... borrowing?

The Office for Budget Responsibility expect the government to have a £21 billion deficit in 2020/21. In March they had predicted an £11 billion surplus. Read

Fact checks