Public Sector Net Cash Requirement: Interest Rates

Summary

To ask the Chancellor of the Exchequer, if he will publish an estimate of the potential impact of borrowing an additional 1% of gross domestic product on interest rates.

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Timeline

1. 27 November 2023

   Written question

   To ask the Chancellor of the Exchequer, if he will publish an estimate of the potential impact of borrowing an additional 1% of gross domestic product on interest rates.

   Source: Commons

2. 1 December 2023

   Answer

   Responsible decisions on borrowing are a key pillar of government support to the MPC in its action to bring inflation down to the 2% target. The external evidence suggests that for every extra 1% of GDP of borrowing (£25 billion), we could potentially be ...

   Source: Written answer

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• · Treasury · Answering body

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