| Topic: | Re:Re:Re:Re:Re:Re:State of play today | |
| Posted by: | Paul Morris | |
| Date/Time: | 27/06/16 20:09:00 |
| The Uk will be seen as a higher risk investment than say Germany, so it will cost more to borrow going forward. In the current very low interest rate environment the impact will be limited, but once interest rates increase (as eventually they will) it will be more material. Remember the deficit for this was forecast at £70 billion, but now will quite a lot higher due to the slowing economy... if action isn't taken to start getting the deficit back down then borrowing costs will rise more. |