Following the budget announcement in the UK, why is the media obsessed with the predicted growth being 0.2% lower, instead of applauding the much needed investment in our public services? Does it really matter that much?
Following the budget announcement in the UK, why is the media obsessed with the predicted growth being 0.2% lower, instead of applauding the much needed investment in our public services? Does it really matter that much?
It’s important to note that most of the money borrowed by the US govt is in the form of bonds to its own citizens, and the interest paid is to those citizens.
The OP is talking about the UK though.
Good point and I missed that in the original post.
It does appear to be a similar situation with the UK though, only with pensions and other funds.