Government Venturing

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”.