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2020-12-03 | Rishi Sunak warns over UK debt pile risk if interest rates spike | Daily Mail Online
"He cautioned that no-one had a 'crystal ball' to say what inflation and interest rates will do.", "I think no one has a perfect crystal ball about which way interest rates and inflation will move. 'And obviously, we're much more sensitive to changes in those rates.", "Rishi Sunak has delivered another strong hint that tax rises are on the horizon as he warned the UK's huge coronavirus-fuelled debt pile could be a disaster if interest rates rise."
'Borrowing is expected to hit £394billion this year as the economy shrinks by 11.3 per cent - the worst recession in more than 300 years. '
'Treasury watchdog the Office for Budget Responsibility gave a grim picture of the hit from the pandemic last week. '
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[–] derram ago
https://archive.ph/wip/OA9OQ :
"He cautioned that no-one had a 'crystal ball' to say what inflation and interest rates will do.", "I think no one has a perfect crystal ball about which way interest rates and inflation will move. 'And obviously, we're much more sensitive to changes in those rates.", "Rishi Sunak has delivered another strong hint that tax rises are on the horizon as he warned the UK's huge coronavirus-fuelled debt pile could be a disaster if interest rates rise."
'Borrowing is expected to hit £394billion this year as the economy shrinks by 11.3 per cent - the worst recession in more than 300 years. '
'Treasury watchdog the Office for Budget Responsibility gave a grim picture of the hit from the pandemic last week. '
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