Rishi Sunak is worried about rising interest rates. He should relax
British debts are unusually mature
PANDEMICS ARE an expensive business for governments. In the past year the British state’s borrowing came to more than 14% of GDP, the highest figure in over seven decades. All that extra borrowing helped push the ratio of government debt to GDP from around 80% to nearly 100%.
This article appeared in the Britain section of the print edition under the headline “Maturing nicely”
Britain June 5th 2021
- Boris Johnson seeks a state fit for crisis
- The fight to define the great British garden
- Rishi Sunak is worried about rising interest rates. He should relax
- MPs are returning to Parliament in a rebellious mood
- England’s school catch-up tsar resigns in protest
- London is starting to build more council homes
- Boris Johnson’s government wants more patriotic cultural institutions
- A parallel society is developing in parts of Muslim Britain
From the June 5th 2021 edition
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