Government forecast predicts national debt will triple in the next 50 years   

A new forecast from the UK government’s official forecaster warns that the national debt is expected to triple over the next 50 years due to mounting pressures. The Office for Budget Responsibility (OBR) attributes this looming rise to factors such as an ageing population, climate change, and increasing geopolitical tensions. In its report, the OBR […]

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Local authorities could get more control over bus services under new legislation 

New legislation being presented to parliament this week could mean that more bus services could come under the control of local councils in the near future. According to Transport Secretary Louise Haigh, this “bus revolution” is designed to preserve essential bus routes by allowing local authorities to adopt a franchising system, where they would determine […]

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Government borrowing increased to the highest level since 2021 last month 

According to official data, government borrowing was higher than expected in July, with the increase being driven by the rising cost of public services and benefits.  The Office for National Statistics (ONS) reported that borrowing, which reflects the gap between government spending and tax revenue, reached £3.1 billion last month, marking the highest July borrowing […]

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