There were truly shocking figures on borrowing this week and a record number of business closures, not forgetting the continuing bin strikes in Labour-run Birmingham.
#backtothe1970s
Public sector net borrowing excluding public sector banks is the third highest total on record. That's right, you read it right, the third highest on record.You only have to see this on our High Streets since July 4th, and the number of well-known and reputable businesses hanging up their spurs.
Yet our MP believes there is a spring in the step in the economy when the truth is Labour's economic stagnation is fast becoming a crisis.
Public sector net borrowing excluding public sector banks is the third highest total on record.The figures are truly shocking. It shows how quickly an anti-business, anti-jobs pro spending government really screw things up.The figures lay bare the price the Stourbridge people are paying for Rachel Reeves' choices.
These figures are alarming but not surprising, given that the government is fiddling the fiscal rules, increasing borrowing by £30 billion a year, and piling up debt.
These eyewatering sums are being paid for by hardworking people through higher taxes, prices, and mortgage rates.
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Borrowing—the difference between total public sector spending and income—was £16.4 billion in March 2025, £2.8 billion more than in March 2024 and the third-highest March borrowing since monthly records began in 1993.
