As I argued in my talk to the Centre for Science & Policy @ Cambridge University this week, the UK's deviation from public finance international accounting standards is largely responsible for lower investment and wider bond yields.
Thomas Aubrey
www.ft.com/content/1e92... [email protected] arguing “We have the right economic plan to deal with these challenges" Using gilts to fund infrastructure is not the right approach. Self-funding public corporations are - which the Chancellor rejected resulting in a higher cost of borrowing.
www.ft.com
Higher debt interest payments drive monthly deficit to £23.3bn
