Comment & Analysis
Economic Perspectives by Ruth Lea, Arbuthnot
In this Perspective Ruth Lea, Economic Adviser to the Arbuthnot Banking Group, discusses the fiscal backdrop to the Budget: Public sector net borrowing (PSNB) as a % of GDP, which peaked at 9.9% in FY2009, is falling steadily. Total Managed Expenditure (TME) as a % of GDP has been falling…
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