KPMG comments on UK public sector finances | KPMG | UK

KPMG comments on UK public sector finances

KPMG comments on UK public sector finances

Commenting on the latest public sector finance figures from the ONS out today, Yael Selfin, Chief Economist at KPMG in the UK, said:

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“Public sector deficit fell in May 2017, according to the latest estimates by the ONS. Since the Great Recession we have seen a period of gradual improvements, but expected headwinds are now likely to put significant pressure on public finances. A slowing economy, a potential hefty exit payment to the EU, and an eventual gradual rise in borrowing costs are all coming the UK’s way. Taken together, this may leave little room for the government to satisfy public demands for an end to austerity.”

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Notes to editor:

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About KPMG

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 13,500 partners and staff. The UK firm recorded a revenue of £2.07 billion in the year ended 30 September 2016. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 152 countries and has 189,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.

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