A brilliant quote by Polly Toynbee from comments made by Harold McMillan on Margaret Thatcher’s sale of public assets. McMillan was speaking at the time “with aristocratic disdain” to his fellow peers in the House of Lords.
Public Finance reported yesterday that the UK Office for National Statistics has now classified housing associations as belonging to the public sector. The reclassification appears to have come about as a result of changes to the European System of National Accounts, and produces an increase in the UK’s net public sector debt of around £60bn. […]