Social Impact
Share

Economics: Public sector borrowing highest since WWII

27 April 2021

UK government net borrowing for the year ending March 2021 is estimated at £303bn, the highest nominal level since modern records began in 1947.

Click chart to enlarge

* “Fiscal drag” describes delaying changes to income tax bands as incomes rise, thus bringing more workers into the tax base and exposing more workers to higher rate taxes

More economic news and analysis

EXPLORE

IGD author
IGD staff

Thanks for registering with IGD

You can now access all our great free content.

Thank you for your interest

Thank you for registering, a member of our team will be in touch about your request. 

In the meantime, explore all our free content.

Thank you for your interest. Our team will be in touch shortly.

Explore more content

Related Content

Login

Login

Need Help? Contact Us

Not Registered?

Register and get the many benefits IGD has to offer

Register