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. 

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