Commentary: The Burden of the National Debt

Martin Weale

National Institute Economic Review, 2009, vol. 210, 4-8

Abstract: Most discussion of the Government's fiscal position seems to focus on the immediate risks associated with a rising national debt. There is concern that the UK's credit rating will be reduced and fear that this might lead to a further fall of the exchange rate. It is sometimes suggested that if the budget deficit is not reduced sharply in the reasonably near term there will be a significant risk that the UK might default on its debt.

Date: 2009
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