The figure of £394bn, this year’s gap between tax in and spending out for the UK government, is almost unimaginably large. It means that in a single year the state will have borrowed the equivalent of £5,800 for each of the country’s 68m citizens, man, woman and child. Perhaps you did not notice this money disappearing from your wealth, but you are going to have to pay it back.
King’s Speech: no mention of small business, the bedrock of Britain’s economy
Small businesses provide half of the country’s wealth and the bulk of all private sector jobs yet they have been ignored by Starmer’s new policies.
