Should we worry about government debt?
Listen now
Description
We often hear about government debt in the headlines. Currently the UK government owes around £2.65 trillion, nearly 100% of UK GDP - the value of all the goods and services produced in the UK in a year. How has the debt level grown? Should we aspire to reduce the debt? And do we need to worry about high debt to GDP ratios? Joining us today to answer all these questions and more, is David Miles, Professor of Financial Economics at Imperial College Business School, a member of the OBR Budget Responsibility Committee and former member of the Monetary Policy Committee at the Bank of England. Find out more: https://ifs.org.uk/ Become a member: https://ifs.org.uk/individual-membership Hosted on Acast. See acast.com/privacy for more information.
More Episodes
At the end of October, the ONS announced that the fertility rate in England and Wales had fallen to 1.44 births per woman in 2023 - the lowest figure since records began in 1938.  What will this mean for the population make-up of the country? What other big demographic shifts are occurring? Why...
Published 11/08/24
117 days after Labour took office, Rachel Reeves has finally delivered her Budget. From tax rises and fiscal rules, to public services and investment, we'll take a tour around all of the big announcements.  Paul is joined by Helen Miller and Ben Zaranko, colleagues at the IFS. Find out more:...
Published 10/31/24
Published 10/31/24