The Office for Budget Responsibility's warning that national debt could hit 300% of GDP by the 2070s comes as the UK faces a series of challenges with its public finances.
In an era of low interest rates, this arrangement allowed it to generate profits because the interest paid on the reserves was lower than the interest received on the bonds purchased through QE. That money flowed back to the Treasury."As a result, interest rate changes propagate through to overall debt interest costs much faster than in previous decades," the OBR said.
QE has effectively shortened the maturity of our debt because changes to the benchmark rate filter through immediately.The OBR added:"The UK government has seen a larger and more rapid rise in its debt servicing costs than other advanced economies., which may be using cookies and other technologies. To show you this content, we need your permission to use cookies. You can use the buttons below to amend your preferences to enablecookies or to allow those cookies just once.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
We’re Ignoring the Real Reason Barbie Might Dominate the Box OfficeGreta Gerwig's film is unapologetically leaning into a feminine aesthetic—a rarity in Hollywood. That could work to its advantage, writes Eliana Dockterman (edockterman)
Weiterlesen »
Kurt Rappaport invites us into his refreshed Beverly Hills officeDan Brunn reinvents real-estate magnate Kurt Rappaport’s Beverly Hills office in Los Angeles
Weiterlesen »
Tesla plots entry to Britain's stagnant energy marketHead of operations job ad requires 'healthy skepticism of the status quo'
Weiterlesen »
Britain’s Conservative Party faces a mutiny in MetrolandThe Conservative Party is trapped: building too many houses for their old commuter-town voters to bear, and far too few for the future ones. There are plenty of other grievances, too
Weiterlesen »