But they are not repaying existing debt, they are still borrowing more (at half the rate they are just now). (View Post)

Quite a chunk of our debt is index linked these days so the fall in inflation should reduce the interest bill on at least that part. On the other hand it reduces fiscal drag. As always, it is swings … (View Post)

So they didn't tip off the King but they did tip off Matt. Sounds about right. (View Post)

This is undoubtedly good news and it would be churlish to say otherwise but that sentence from the Chief Secretary. They are going to HALVE borrowing (so still borrowing quite a lot) "so that th… (View Post)

Just watched a recent Storyville, the darkest web, a story of child abuse. Unremittingly grim but incredibly moving and with some good threads through it. Its not an easy watch and those that are vul… (View Post)