Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
The UK government's outstanding debt as a share of GDP rose to 99.8% in May, the highest level since fiiscal year 1960/61, the Office for National Statistics said Friday.
Excluding the Bank of England from the measure, the share of net debt to GDP dropped to 91.3%, 8.5% lower than the fully inclusive reading. On either reading, the figure underlines the parlous state of the public finances facing whichever party wins the July 4 election.
There have been some observers of the UK finances suggesting that Labour, currently well ahead in the opinion polls, could retarget PSND ex-BOE if it wins the election, possibly opening up some fiscal space for further borrowing (see MNI INTERVIEW: UK Likely To Restore BOE To Debt Calculation)
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.