Is public sector borrowing too high?

A. D. Bain, David N.F. Bell (Editor)

Research output: Contribution to journalArticle

Abstract

In recent years the high level of government borrowing has been at the centre of
economic and political debate. On the one hand the public sector borrowing requirement (PSBR) is blamed for record mortgage rates and the threat that industry
may be starved of the funds it needs. On the other, proposals which are likely to cut the PSBR are denounced as deflationary and damaging to living standards. Some claim that a high PSBR is a cause of inflation, whilst others argue that if proper account is taken of inflation the PSBR is much less formidable than it seems. This article attempts to set out some facts about the sources and extent of public sector borrowing and to consider briefly some of the issues involved.
LanguageEnglish
Pages30-39
Number of pages10
JournalQuarterly Economic Commentary
Volume5
Issue number3
Publication statusPublished - Jan 1980
Externally publishedYes

Fingerprint

Public sector
Borrowing
Inflation
Mortgage rates
Standard of living
Government
Threat

Keywords

  • public sector borrowing
  • public spending
  • UK economy
  • public sector borrowing requirement (PSBR)
  • inflation

Cite this

Bain, A. D., & Bell, D. N. F. (Ed.) (1980). Is public sector borrowing too high? Quarterly Economic Commentary, 5(3), 30-39.
Bain, A. D. ; Bell, David N.F. (Editor). / Is public sector borrowing too high?. In: Quarterly Economic Commentary. 1980 ; Vol. 5, No. 3. pp. 30-39.
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Bain, AD & Bell, DNF (ed.) 1980, 'Is public sector borrowing too high?' Quarterly Economic Commentary, vol. 5, no. 3, pp. 30-39.

Is public sector borrowing too high? / Bain, A. D.; Bell, David N.F. (Editor).

In: Quarterly Economic Commentary, Vol. 5, No. 3, 01.1980, p. 30-39.

Research output: Contribution to journalArticle

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Bain AD, Bell DNF, (ed.). Is public sector borrowing too high? Quarterly Economic Commentary. 1980 Jan;5(3):30-39.