The government’s growing debt burden and high interest costs are a key risk to public finances and must be managed carefully, the National Audit Office has said.
Chancellor Rishi Sunak this week said a one percentage point rise in interest rates would add £25bn a year to the government’s debt servicing costs. So why isn’t the Treasury relieving the pressure...
Public sector net borrowing reached the highest level ever recorded in the first half of the fiscal year as the government tried to deal with the health and economic consequences of Covid-19.
