A pedestrian walks near the Royal Exchange and the Bank of England in the City of London on December 28, 2020.  Magical arithmetic has helped central banks worldwide arm-wrestle the pandemic recession with negligible debt-service costs. Photo: AFP
A pedestrian walks near the Royal Exchange and the Bank of England in the City of London on December 28, 2020. Magical arithmetic has helped central banks worldwide arm-wrestle the pandemic recession with negligible debt-service costs. Photo: AFP
David Dodwell
Opinion

Opinion

Outside In by David Dodwell

Our complacency about sky-high government debt will cost our children dearly

  • With interest rates rising, public debt still high and governments needing to keep on spending, the least painful path to sustainable debt is to engineer strong growth
  • But this is easier said than done. Instead, we risk leaving the next generation to pay off our debts

A pedestrian walks near the Royal Exchange and the Bank of England in the City of London on December 28, 2020.  Magical arithmetic has helped central banks worldwide arm-wrestle the pandemic recession with negligible debt-service costs. Photo: AFP
A pedestrian walks near the Royal Exchange and the Bank of England in the City of London on December 28, 2020. Magical arithmetic has helped central banks worldwide arm-wrestle the pandemic recession with negligible debt-service costs. Photo: AFP
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