The Government’s debts are now worth more than the UK’s entire economy’s annual output according to new data. Politicians are keen to convince the public that he government can borrow more because interest rates are low, but changes to interest rates may make our debt unserviceable

The article referenced IEA research, saying: “The Institute of Economic Affairs this week warned the galloping money supply could be a threat. Another risk is posed by the shift away from globalisation – when once cheap goods from nations including China kept inflation down in the West, a combination of trade wars and coronavirus could reverse the process, pushing prices up.”

Read the article in full here.