Page 13 - 83 Billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Then hovering around above and below 2% for subsequent years. at the uk is to spend £83 billion on debt interest in the next year, which was four times i think he said that last year, and £500 million of new money for household support fund which brings it up what was your overall impression, faisal? , , faisal? there is interesting measures _ faisal? there is interesting measures but _ faisal? there is interesting measures but the - faisal? there is interesting measures but the figure i faisal? there is interesting. measures but the figure that faisal? there is interesting - measures but th...

Do you have sympathy, though, for rishi sunak in this situation? so the debt interest, £83 billion now, and for the government as well as for everybody, cash is going less far. i think we're overstating the debt interest. if you look at what the office for budget responsibility has said, it spikes this year, yes, it does, and it's a big number. but then if you look at it as a percentage of gdp, every single year of the parliament, it is below 2%, and if you compare that to the 30 year average, which is about 2.2%, we're actually at a relatively low place. so he has space. and if you look at w...

Rail plan? running out of bits, massive investment in the nhs, massive investment in the nhs, massive investment in education? were we going to cut all that because of problem? i'm getting to a point. so we took the decision to keep going. and that means, as you rightly say, mel, that the balance is now very fine stop and the cost of borrowing is... we are borrowing a large amount. the cost of borrowing is 83 billion, the cost of servicing our interest is 83 billion a year. and, as you say, that number can easily go up with interest rates. so we have to be... so can easily go up with interest ...

Budget— in with new measures before the budget later in the year and this is going _ budget later in the year and this is going to _ budget later in the year and this is going to be ongoing and is going to be squeeze across everything and what _ be squeeze across everything and what you — be squeeze across everything and what you don't want to do is throw everything — what you don't want to do is throw everything added right at this moment. this takes us to your paper, the ft come to your paper, the ft company think you'll be dipping into this windfall, then?— think you'll be dipping i...

Not feeding their kids because they can't survive any more, that would have been a huge lifeline. i don't know why he didn't do that. do you have sympathy, though, for rishi sunak in this situation? so the debt interest, £83 billion now, and for the government as well as for everybody, cash is going less far. i think we're overstating the debt interest. if you look at what the office for budget responsibility has said, it spikes this year, yes, it does, and it's a big number. but then if you look at it as a percentage of gdp, every single year of the parliament, it is below 2%, and if you com...