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.
4:04 PM 23, May 2018 Matt Gillow
4:20 PM 14, May 2018 James Price
3:34 PM 08, May 2018 Matt Gillow
8:44 AM 13, Apr 2018 Jan Zeber
2:44 PM 11, Apr 2018 Jan Zeber
11:23 AM 15, Mar 2018 Jan Zeber