Latest HSBC Economic Commentary
10 August 2020
The UK government is on track to post a budget deficit of around £350 billion in the current fiscal year. Yet at the same time, it can raise money in the bond markets more cheaply than ever before.
Once the Covid crisis has passed, borrowing costs will inevitably rise. So, while running a huge deficit this year is not a problem, the Government will need to get a grip on the public finances during the next few years.
Read the latest commentary on this from HSBC.