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944929
star this property registered interest false more like this
star this property date less than 2018-07-19more like thismore than 2018-07-19
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
unstar this property answering dept short name Treasury more like this
unstar this property answering dept sort name Treasury more like this
star this property hansard heading Public Sector Debt remove filter
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what is their calculation of what the cumulative cost of debt interest would be by 2045/46 if they only balanced the current budget. more like this
star this property tabling member printed
Baroness Neville-Rolfe more like this
star this property uin HL9712 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer remove filter
star this property answer text <p>The Managing Fiscal Risks document, published by the Treasury on the 17<sup>th</sup> July, projects that if the government only balanced the Current Budget every year from 2021-22, then after taking account of economic shocks, annual debt interest costs in 2045-46 would rise to 4.3% of Gross Domestic Product.</p><p> </p><p>The cumulative cost of these interest payments from the current financial year to 2045-46 is projected to be £3.7 trillion.</p><p> </p> more like this
star this property answering member printed Lord Bates more like this
star this property question first answered
less than 2018-07-31T12:06:48.913Zmore like thismore than 2018-07-31T12:06:48.913Z
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1091
star this property label Biography information for Lord Bates more like this
star this property tabling member
4284
unstar this property label Biography information for Baroness Neville-Rolfe more like this