Public finances under pressure: lessons for policy makers

Document type
Bell, Torsten
Resolution Foundation
Date of publication
22 May 2020
Social Policy, Poverty Alleviation Welfare Benefits and Financial Inclusion
Social welfare
Material type

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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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