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Commentary: The Burden of the National Debt

Published online by Cambridge University Press:  26 March 2020

Martin Weale
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Abstract

Most discussion of the Government's fiscal position seems to focus on the immediate risks associated with a rising national debt. There is concern that the UK's credit rating will be reduced and fear that this might lead to a further fall of the exchange rate. It is sometimes suggested that if the budget deficit is not reduced sharply in the reasonably near term there will be a significant risk that the UK might default on its debt.

Type
Articles
Information
National Institute Economic Review , Volume 210 , October 2009 , pp. 4 - 8
Copyright
Copyright © 2009 National Institute of Economic and Social Research

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References

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