At a time of unprecedented economic challenge, this insight from Criticaleye Partner, Capita, explores seven steps towards more financially sustainable public services.
Key takeaways include:
It’s estimated that returns of some £5 billion per annum, including £1bn in exports and up to 20,000 jobs, could be derived from publicly-owned knowledge assets.
Public sector net borrowing has increased from 2.6 percent of GDP in 2019 to 19 percent in 2020.
The Office for Budgetary Responsibility has stated that “the UK is on track to record the largest decline in gross domestic product for 300 years”.