Why we shouldn't increase borrowing
The government would be wrong to use low interest rates to borrow and spend more
- EVEN if interest rates remain at their historically low level of 0.25 per cent, then the national debt is projected to reach 234 per cent of GDP in 2066-67.
- However, it is very likely that rates will go up soon, and when they do, the national debt as a percentage of GDP is also projected to rise.
- By 2066-67, any increase in interest rates will mean a significant increase in the national debt as a percentage of GDP.
1:58 PM 20, Nov 2017 Ben Ramanauskas
3:14 PM 14, Nov 2017 Ben Ramanauskas
1:44 PM 06, Nov 2017 Duncan Simpson
4:39 PM 02, Nov 2017 The TaxPayers' Alliance
5:06 PM 01, Nov 2017 Duncan Simpson
5:39 PM 30, Oct 2017 Ben Ramanauskas