Christopher Whiteside MBE is Conservative County Councillor for the Egremont North and St Bees Division of Cumbria County Council. The division includes St Bees, Bigrigg, Wood End, Moor Row, part of the Mirehouse area of Whitehaven, and surrounding countryside.
He is also deputy chair (political and campaigning) of the North-West region of the voluntary wing of the Conservative party.
Chris lives and works in Copeland with his wife and family.
Friday, December 01, 2017
Bank of England expert wans of the threat of borrowing more
A senior Bank of England official has warned that Britain cannot afford to borrow more without jeopardising the country’s financial stability.
Richard Sharp said the Government had already borrowed an extra £1 trillion since the 2008 financial crisis.
Borrowing more could put the country at risk of suffering from a collapse similar to that experienced by Venezuela, he suggested.
Mr Sharp is a member of the Bank’s Financial Stability Committee.