1.5% in 2028, 1.6% in 2029. • The OBR expects public sector net borrowing to be £105.6bn in 2025-26, £88.5bn in 2026-27, £72.2bn in 2027-28, £71.9bn in 2028-29 and £70.6bn in 2029-30.
In total, super funds spent $10.83bn of members’ money in the 2023 financial year, including $5.6bn on admin and marketing costs in 2023, as well as a further $3.8bn on investment management.
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