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MNI INTERVIEW: UK To Ease Debt Target, Avoid Net Worth Target

Former senior UK Treasury and Office for Budget Responsibility official Andy King discusses October Budget options.

MNI (LONDON) - There is a strong case for the UK Treasury to exclude the new National Wealth Fund and British Business Bank from its debt target if as expected it replaces its current rules in the Oct 30 Budget, former senior Treasury and Office for Budget Responsibility official Andy King, told MNI.

The Treasury aims to boost lending and other activities by the BBB and NWF, and King, now at Flint Global, said that the best approach would be to keep them on balance sheet but outside any new fiscal rule. (See MNI INTERVIEW: UK Borrowing For Investment Risky - OBR's Miles)

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MNI (LONDON) - There is a strong case for the UK Treasury to exclude the new National Wealth Fund and British Business Bank from its debt target if as expected it replaces its current rules in the Oct 30 Budget, former senior Treasury and Office for Budget Responsibility official Andy King, told MNI.

The Treasury aims to boost lending and other activities by the BBB and NWF, and King, now at Flint Global, said that the best approach would be to keep them on balance sheet but outside any new fiscal rule. (See MNI INTERVIEW: UK Borrowing For Investment Risky - OBR's Miles)

Keep reading...Show less