OPINION 

Public borrowing, private saving

Chris Dillow

Chris Dillow
Public borrowing, private saving

There was much talk last week that Chancellor Rishi Sunak will have to make “tough choices” about the public finances next year. Such talk overlooks a crucial point – that he has less control over government borrowing than you might think, which means it’s possible that this will fall by more than most economists expect in the next few years.

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