High debt heralds new rate policy: UK shadow chancellor

george osborne

Britain's high levels of government debt will force a change in the way in which monetary policy is conducted, the UK's shadow chancellor of the exchequer, has said.

George Osborne, who has been shadow chancellor since 2005 and - if polls are to be believed - is set to replace Alistair Darling in May, said Britain's mountain of debt had risen to dangerous levels. He quoted a study by Carmen Reinhart and Kenneth Rogoff showing that once a national debt reached 90% of GDP an imminent risk of a deb

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: