Spending, borrowing, and the deficit

Alfie Stirling, NEF’s Director of Research and Chief Economist, spoke to LBC News about spending, borrowing, debt, and the deficit.

He explained that the important question on debt isn’t how much we have, but how able we are to pay it:

That we can reduce the deficit by growing the economy:

And that there’s a cost of not borrowing when the Government needs to put spending in place: