FINANCE

OBR issues warning on soaring care and council costs

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.

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.

Michael Burton

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