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Rishi Sunak has been chastised by the UK’s statistics watchdog for claiming to have reduced public debt – despite not having done so.

Sir Robert Chote, the chair of the UK Statistics Authority (UKSA), said the prime minister’s assertion that “debt is falling” may have caused “confusion” and “undermined trust in the government’s use of statistics”.

Politics Live: Rishi Sunak faces uncomfortable questions on cost of Rwanda scheme

Reducing debt is one of the five pledges Mr Sunak made to the public at the start of the year, alongside cutting NHS waiting lists and “stopping the boats”.

He claimed “debt is falling” in a video posted on social media after the King’s Speech on 7 November and that “we have indeed reduced debt” at Prime Minister’s Questions on 22 November, the day of the Autumn Statement.

However, Liberal Democrat MP Sarah Olney questioned the veracity of the claim – pointing to a projection from the Office for National Statistics (ONS) that month which showed public sector net debt has risen on every measure.

Number 10 had argued Mr Sunak was referring to a projection that debt would be falling as a proportion of GDP by 2028.

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But responding to Ms Olney’s concerns, Sir Robert said “the average person in the street” would have interpreted the comment to mean “debt was already falling or that the government’s policy decisions had lowered it at fiscal events – neither of which is the case”.

He added: “This has clearly been a source of confusion and may have undermined trust in the government’s use of statistics and quantitative analysis in this area.

“Members of the public cannot be expected to understand the minutiae of public finance statistics and the precise combination of definitional choices that might need to be made for a particular claim to be true.”

Ms Olney accused the prime minister of “reaching for the Boris Johnson playbook” and undermining trust.

She said: “Rishi Sunak knows he has no good story to tell on the UK economy so he has resorted to making one up. The least this no-growth prime minister could do is be honest about it with the British public.

“Instead, he has reached for the Boris Johnson playbook and undermined trust in politics. This is desperate stuff from a desperate prime minister and it is right that he has been called out on it.”

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Prime Minister Rishi Sunak has announced five goals which he says the government will accomplish this year.

It comes after Mr Sunak briefed his cabinet this morning on the progress of his five pledges which he made in January.

They are: Halving inflation, growing the economy, reducing national debt, cutting NHS waiting lists and stopping boats from crossing the Channel.

Mr Sunak said successes included halving inflation and reducing small boat crossings by a third, “but that there is still much work to do that will require continued dedication”.

While inflation has halved, critics said that was more to do with Bank of England policy – and the cost of living crisis remains, with the economy flatlining this year.

Read More:
UK economy flatlines but avoids recession this year

Meanwhile, thousands of people have come to the UK in small boats amid chaos over the Rwanda deportation policy.

And while NHS waiting lists fell slightly for the first time this year in October, the appointments backlog is still 7.71 million (down from a record 7.7m the month before), with the NHS bracing for a difficult winter.

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Brazil ends crypto tax exemption, imposes 17.5% flat rate on gains

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Brazil ends crypto tax exemption, imposes 17.5% flat rate on gains

Brazil ends crypto tax exemption, imposes 17.5% flat rate on gains

Brazil scraps crypto tax exemption for small traders, enforces flat 17.5% rate across all gains, including self-custody and offshore holdings.

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A scrambled G7 agenda as world leaders scramble to de-escalate the Israel-Iran conflict

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A scrambled G7 agenda as world leaders scramble to de-escalate the Israel-Iran conflict

The return on Donald Trump to the G7 was always going to be unpredictable. That it is happening against the backdrop of an escalating conflict in the Middle East makes it even more so.

Expectations had already been low, with the Canadian hosts cautioning against the normal joint communique at the end of the summit, mindful that this group of leaders would struggle to find consensus.

Canadian Prime Minister Mark Carney carefully laid down an agenda that was uncontroversial in a bid to avoid any blow-ups between President Trump and allies, who of late have been divided like never before – be it over tariffs and trade, Russia and Ukraine, or, more recently Israel’s conduct in Gaza.

But discussions around critical minerals and global supply chains will undoubtedly drop down the agenda as leaders convene at a precarious moment. Keir Starmer, on his way over to Canada for a bi-lateral meeting in Ottawa with PM Carney before travelling onto the G7 summit in Kananaskis, underscored the gravity of the situation as he again spoke of de-escalation, while also confirmed that the UK was deploying more British fighter jets to the region amid threats from Tehran that it will attack UK bases if London helps defend Israel against airstrikes.

Canadian Prime Minister Mark Carney is greeted by President Donald Trump as he arrives at the West Wing of the White House, Tuesday, May 6, 2025, in Washington. (AP Photo/Mark Schiefelbein)
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Canadian PM Mark Carney is greeted by President Donald Trump at the White House in May. Pic: AP

Really this is a G7 agenda scrambled as world leaders scramble to de-escalate the worst fighting between Tel Aviv and Tehran in decades. President Trump has for months been urging Israel not to strike Iran as he worked towards a diplomatic deal to halt uranium enrichment. Further talks had been due on Sunday – but are now not expected to go ahead.

All eyes will be on Trump in the coming days, to see if the US – Israel’s closest ally – will call on Israel to rein in its assault. The US has so far not participated in any joint attacks with Tel Aviv, but is moving warships and other military assets to the Middle East.

Sir Keir, who has managed to strike the first trade deal with Trump, will want to leverage his “good relationship” with the US leader at the G7 to press for de-escalation in the Middle East, while he also hopes to use the summit to further discuss the further the interests of Ukraine with Trump and raise again the prospects of Russian sanctions.

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“We’ve got President Zelenskyy coming so that provides a good opportunity for us to discuss again as a group,” the PM told me on the flight over to Canada. “My long-standing view is, we need to get Russia to the table for an unconditional ceasefire. That’s not been really straightforward. But we do need to be clear about what we need to get to the table and that if that doesn’t happen, sanctions will undoubtedly be part of the discussion at the G7.”

Prime Minister Sir Keir Starmer (right) is greeted by Prime Minister of Canada Mark Carney as he arrives at Rideau Cottage in Ottawa
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Prime Minister Sir Keir Starmer (R) is greeted by Mark Carney as he arrives in Ottawa ahead of the G7

But that the leaders are not planning for a joint communique – a document outlining what the leaders have agreed – tells you a lot. When they last gathered with Trump in Canada for the G7 back in 2018, the US president rather spectacularly fell out with Justin Trudeau when the former Canadian president threatened to retaliate against US tariffs and refused to sign the G7 agreement.

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Since then, Trump has spoken of his desire to turn Canada into the 51st state of the US, a suggestion that helped catapult the Liberal Party beyond their Conservative rivals and back into power in the recent Canadian elections, as Mark Carney stood on a ticket of confronting Trump’s aggression.

With so much disagreement between the US and allies, it is hard to see where progress might be made over the next couple of days. But what these leaders will agree on is the need to take down the temperature in the Middle East and for all the unpredictability around these relationships, what is certain is a sense of urgency around Iran and Israel that could find these increasingly disparate allies on common ground.

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Bitcoin must upgrade or fall victim to quantum computing in 5 years

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Bitcoin must upgrade or fall victim to quantum computing in 5 years

Bitcoin must upgrade or fall victim to quantum computing in 5 years

Unless Bitcoin upgrades its core cryptography in the next five years, the trust it has built over 16 years could be wiped out by a single quantum attack. Urgent upgrades are needed to protect the world’s leading cryptocurrency.

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