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This Is Why

'It's going to be grim': Ed Conway on the state of public finances

This Is Why

Sky News

News, Daily News, News Commentary

4.0552 Ratings

🗓️ 21 August 2024

⏱️ 21 minutes

🧾️ Download transcript

Summary

Official data shows government borrowing in July was above expectations and at its highest since the pandemic.  
  
The Office for Budget Responsibility (OBR) expected borrowing to be £46.6bn - instead it reached £51.3bn.  
  
Our economics and data editor Ed Conway joins Niall Paterson to talk about the unexpected rise in government borrowing and Chancellor Rachel Reeves' options at the October budget.  
  
Plus, chief political correspondent Jon Craig discusses how long Labour's claim they are dealing with inherited problems will stand. 
 
Producer: Soila Apparicio 
Editor: Wendy Parker

Transcript

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1:01.8

Welcome to the Sky News Daily.

1:03.2

Neil Patterson here in the podcast studio

1:05.0

with some fresh data from the Office for National Statistics.

...

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