Thread: Coronavirus
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Old 16-10-2020, 08:01   #281
OLD BOY
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Re: Coronavirus
Quote:
Originally Posted by jfman View Post
Have the amounts paid year on year increased massively as you claim?

Interest rates are at an all time low. The cost of debt has never been cheaper. Government debt generally isn’t paid in instalments the way a household loan is. As demonstrated the erosion in the real terms value of the debt by inflation incentivises the Government to never repay the debt - simply kick it down the road with further borrowing.
I don’t know about the instalments. Certainly, if our obligation is just to pay the debt at a fixed interest rate at the end of the period, it would be, as you intimate, a good ruse.

Let’s just hope interest rates remain low, then.
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