The Times (August 5)
“The ruse to offset new ‘assets’ may allow the Burnham government to say it has not broken its fiscal rules,” but more borrowing “is still more borrowing. And more borrowing will mean more expensive interest payments….. Whether it is the NHS, benefits or the state pension, spending is too high. For the UK to avoid fiscal disaster, it must be restrained if the debt pile is ever to shrink. Rising borrowing cannot continue indefinitely.
Tags: Assets, Benefits, Borrowing, Burnham, Debt, Expensive, Fiscal disaster, Government, Interest payments, NHS, Offset, Pension, Ruse, Spending, UK
Investment Week (September 12)
“Annual growth in employees’ average total pay, including bonuses, was 8.5%; which was boosted by the NHS and Civil Service one-off payments made in June and July. Due to the strong momentum in wage growth, the Bank of England is expected to push ahead with a 25 basis point interest rate rise at its Monetary Policy Committee meeting later this month.”
Tags: Annual growth, BOE, Bonuses, Civil Service, Employees, Interest rate, Momentum, MPC, NHS, Rise, Strong, Total pay, Wage growth
