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MonitoringEconomic· Active since 27 July 2026

Is Britain Actually Broke?

A standing ledger of every stressed British balance sheet, with the receipts

Office for National Statistics →Bank of England →Thames Water →Office for Budget Responsibility →Ministry of Housing Communities and Local Government (MHCLG) →+3 more

1 updates · 39 entities · 0 days active

Current Assessment

The ledgers backed by a statutory resolution regime are healthy; the ones without one are deteriorating.

#1
27Jul11:11

The distress moved from banks to councils

Britain's national debt passed £2,989.9bn in June 2026, but the balance sheets in trouble are not the ones 2008 taught everyone to watch. Banks passed a severe stress test and had their capital requirement cut; company pension schemes hold a £264.0bn surplus. The distress has moved to councils, water, universities and the NHS. Every future briefing measures against this baseline ledger.

The distress moved from banks to councils
Mentions:Office for National Statistics →Bank of England →
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