Last month, the public sector net cash requirement was £9.4bn, the biggest gap in its finances since March 1996.
As the government increases investment in the NHS, transport and education, its expenditure is growing at the fastest rate since 1992, an economist at Deutsche Bank said.
And according to John Butler of HSBC, government spending may have supported gross domestic product in the fourth quarter of 2001.
‘Without this boost, the economy may have actually contracted at the end of last year,’ Butler said.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements