Public finances under pressure: lessons for policy makers

Document type
Briefing
Author(s)
Bell, Torsten
Publisher
Resolution Foundation
Date of publication
22 May 2020
Subject(s)
Social Policy, Poverty Alleviation Welfare Benefits and Financial Inclusion
Collection
Social welfare
Material type
Reports

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April’s Public Sector Finances data capture the first full month of the coronavirus lockdown and provide a sobering reminder of the fiscal costs of the pandemic. Public sector net borrowing was £62.1 billion last month, the highest level ever recorded and nearly three times higher than the last record of £22 billion in April 2012. Fiscal pressures came from both sides of the government ledger with receipts down 24 per cent and expenditure up 57 per cent on last April.

 

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