OBR issues warning on soaring care and council costs

By Michael Burton | 14 July 2020

Soaring costs for adult social care along with indebted local authorities struggling to balance their budgets post-virus are among the key risks to the Government's spending plans warns the Office for Budget Responsibility (OBR) today.

Its latest analysis of the public finances the OBR predicts a deficit of between 13%-21% this year with total public sector debt hitting 100% before the deficit returns to between 2.2%-6.8% by 2024.

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