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england were right it would already be half or england were right it would already be half or less. a 1% increase in interest be half or less. a 1% increase in interest rates would completely wipe it out and interest rates would completely wipe it out and 1% change in the gdp ratio it out and 1% change in the gdp ratio will it out and 1% change in the gdp ratio will be projected to be at high ratio will be projected to be at high levels relative to our history. there high levels relative to our history. there were high levels relative to our history. there were questions about how sustainable that is in the obr have acknowledged they do not understand why it acknowledged they do not understand why it is acknowledged they do not understand why it is so acknowledged they do not understand why it is so high so any of those three why it is so high so any of those three things could happen and the headroom would be a lot less, which is why headroom would be a lot less,

Interest ratesGdp ratioObr haveCannot interventionsEnergy costsFuel duty reduction