I missed this when Chris Giles wrote it in the FT last week: For over two decades, the UK has operated its budget within formal constraints on the level of public debt. Alongside a headline fiscal rule regarding the budget deficit, supplementary backstops have limited the rise in public debt as a share of national income, now […]
source https://thebtrader.com/2019/09/19/fiscal-rules-are-dead-long-live-fiscal-policy/?utm_source=rss&utm_medium=rss&utm_campaign=fiscal-rules-are-dead-long-live-fiscal-policy
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