Business · Economy · 12 hrs ago
UK could let development corporations borrow more while protecting fiscal targets
The UK could give development corporations more room to borrow by aligning its approach with that of other countries.
The proposal concerns borrowing by these corporations, rather than a general change to government borrowing.
The aim is to let them do more without risking the government’s fiscal targets.
The issue matters because additional borrowing could raise concern in the market for UK government bonds, known as gilts.
The proposal is framed as a way to avoid unsettling that market.
No specific policy decision or next step is stated.
The UK could allow development corporations to borrow more.
The proposal aims to bring Britain in line with its peers.
The change is intended to let development corporations do more.
The article says this could happen without imperilling the government’s fiscal targets.
- Who
- The UK and its development corporations.
- What
- The UK could allow development corporations to borrow more.
- When
- Not stated.
- Where
- The UK.
- Why
- To bring Britain in line with its peers and let development corporations do more without imperilling the government’s fiscal targets.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Country
- UK
- Organisations
- Development corporations
- Stated aim
- Bring Britain in line with its peers
- Fiscal targets
- The proposal is described as not imperilling the government’s fiscal targets