Britain ‘may inflate itself out of debt’
Sam Fleming, Daily Mail
29 April 2009, 8:39am
Britain’s national debt could be headed on an ‘explosive path’ that triggers chaos in the public finances, according to a leading City consultancy.
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| Alistair Darling: The Chancellor plans to borrow £175bn this year alone |
Interest payments threaten to reach such stratospheric levels Britain may have to print more money and inflate its way out of debt, Fathom Financial Consulting will say at a conference next week.
The only alternative would be ‘Herculean’ efforts to rein in public spending and raise taxes, but this may prove politically unachievable. Read the rest of this entry »
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