Public Sector Borrowing: keep a grip

In a speech to the CBI in Manchester (of 20 January 2005), the Governor of the Bank of England urged the Chancellor to maintain a firm grip on government borrowing. This message is all the more important for the markets and their concerns for fiscal rectitude as the Chancellor’s forecasts of public sector finances have been poor in recent years, as we have argued on previous occasions.


Ruth Lea - Tuesday, 27th December, 2005