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BUDGET 2009: Public borrowing at £175bn

The government’s current level of public borrowing stands at £175bn, 12% of GDP.

Darling forecasts that public borrowing will fall to £173bn in 2010.

He says that the budget deficit will be halved in the next four years, but that to do so any earlier would “choke off recovery.”

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Guilty parties

Amid the stream of bad news it warms Mole’s heart to hear a happy tale so he was pleased as punch to find that the folk at the Financial Services Authority didn’t miss out on the festivities at Christmas time.

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Fit for Work: guidance for employers published

On Friday, the Department for Work and Pensions published its guidance for employers on using the new Fit for Work (FfW) service to help ill employees return to the workplace. It also includes more details on the tax exemption for medical interventions that commenced on 1 January 2015.

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