High borrowing: Govt blew a hole in our public finances

EMBARGO: Immediate Release

Responding to the latest ONS statistics which show public sector net borrowing at the highest February total since records began, Liberal Democrat Treasury Spokesperson Sarah Olney MP said: 

“This Conservative Government blew a hole in our public finances and made hard-working families pay for it through unfair tax rises, higher mortgage bills and soaring inflation. 

“The Chancellor could have taken action in last week’s Budget to put our economy on the right track, but instead we saw a total lack of ambition and no economic plan.

“Instead of just sitting on its hands, this Government should invest to grow our economy and give people and businesses proper help by cutting their energy bills.”

ENDS 

Notes to Editors:

Link to ONS stats thread here.