SPENDING REVIEW 2015: Public debt is to fall as a result of the government re-classifying housing associations, chancellor George Osborne has announced.
The OBR has calculated that debt, expressed as a percent of GDP, is now expected to be 82.5% in 2015-16, 81.7% in 2016-17, 79.9% in 2017-18 and 79.3% in 2020-21.
A re-classification of housing associations in the summer resulted in the government taking on their borrowing and debt.
