Andrew Neil
@afneil
Columnist for Daily Mail UK and MailOnline USA. @TimesRadio anchor. Former Chairman of The Spectator, Editor Sunday Times, BBC TV anchor, Chairman Sky TV
475 Following 1.2M Followers
The UK borrowed another £1.8bn last month, taking the national debt to within a whisker to £2.985tn in July. I thought it would pass £3 trillion this summer. That will now happen in the autumn.
The main drivers of more borrowing were welfare and pension payments, which rose 7.2% (£2bn) to £30bn last month.
The cost of debt service, at £7.7bn in July, was almost 10% higher than a year ago.
Four months into the 2026/27 financial year and the government has borrowed almost £57bn, a bit more than the official forecast YTD.
July’s figures yet another reason to brace for hefty tax rises in the October Budget.
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Wind providing a mere 3% of UK electricity this morning. So we’re having to import 10 times that amount at massive cost. Plus generate almost the same from gas-fired stations expensively kept for this sort of back up. As a result we’re paying an average £136/MWh. Our energy policy is a costly shambles.
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The opposite is true. The Establishment has elevated DEI to the exclusion of all other characteristics. So that ethnicity, colour, race and religion matter more than class. This has hugely benefitted the metropolitan middle class and penalised working class kids of all types. That’s the Establishment stitch up.
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