Opinion

Inflation is the easiest way out of this – just don’t expect politicians to admit it

The UK government borrowed £34.1bn in December, a record amount for that month. Britain's debt pile now amounts to 100% of GDP. How are we going to pay it all back? Realistically speaking, says John Stepek, there is only one way: inflation.

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by: John Stepek

22 Jan 2021

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Inflation is the easiest way out of this – just don’t expect politicians to admit it

The UK government borrowed £34.1bn in December, a record amount for that month. Britain's debt pile now amounts to 100% of GDP. How are we going to pay it all back? Realistically speaking, says John Stepek, there is only one way: inflation.

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Inflation is the easiest way out of this – just don’t expect politicians to admit it

The UK government borrowed £34.1bn in December, a record amount for that month. Britain's debt pile now amounts to 100% of GDP. How are we going to pay it all back? Realistically speaking, says John Stepek, there is only one way: inflation.

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