deficit | Novara Media

Tag: deficit

Opinion: No, the Tories Aren’t Ever Going to ‘Balance the Books’

by Aaron Bastani

This year’s deficit could be three times higher than that of 2009-10, at the height of the global financial crisis. For Rishi Sunak to talk of paying down the debt is not only a retreat to cliché - it’s a withdrawal from reality, argues Aaron Bastani.

Explainers: What Is the Deficit?

Paul Mason – former economics editor for BBC Newsnight and Channel 4, outlines the difference between debt and deficit.

Osborne’s budget ‘surplus lock’ is a scam to encourage more borrowing from the City

by Joel Benjamin

George Osborne's proposed budget 'surplus lock' will commit future governments to running surpluses when the country is not in recession. Not only will it restrict future public spending, it will channel public money into City banks.