The Resolution Foundation is warning the UK is on course for debt to rise to around 140 of economic output over the next 50 years.
The Bank of England should be given the power to cut interest rates into negative territory and take steps towards a higher inflation target to help future-proof the nation’s finances , according to a report
It is warning that higher interest rates are also cranking up the nation’s debt bill, with each one percentage point rise in rates adding around £15 billion to government borrowing in five years’ time. If rates slump back down in the event of lower growth, the pressures on debt could be even greater, according to the report.
But the inflation target should only be upped once the current 2% goal has been reached and if the UK returns to a low interest rate world, according to the report.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
U.N. to Vote on Resolution Condemning Hamas and Calling for Humanitarian Relief for GazansPalestinian ambassador Riyad Mansour addresses the Security Council at U.N. headquarters in New York, Oct. 16, 2023.
Lire la suite »
A9 and A96: SNP pass resolution 'reaffirming' commitment to duallingSNP delegates have voted on and passed a resolution to “reaffirm” the party commitment of fully dualling the A9 and A96 at their annual…
Lire la suite »
Community resolution notice issued after naked man enters Belfast barA video of the incident has been circulating on social media
Lire la suite »
Isles of Scilly pilot strikes called off after resolutionThe Independent Pilots Association says a resolution is found regarding a pay offer for its members.
Lire la suite »
Storm Babet hits Britain: Met Office issues amber warning for torrential rain and 80mph gale force...Heavy rainfall set to hit the UK as Storm Babet moves in from the South West across Britain.
Lire la suite »
Storm Babet hits Britain: Met Office issues amber warning for torrential rain and 80mph gale force...Heavy rainfall set to hit the UK as Storm Babet moves in from the South West across Britain.
Lire la suite »