6.6 per cent is the average return made over the last ten years by British International Investment (BII), the UK’s development finance institution, which is backed to fund private sector projects in less developed countries.
If there isn’t a stampede back to the shops, our debt to GDP ratio will stay high. If there is, we face a potential surge in inflation.
The UK has never had such an independent institution despite the model being a tremendous success in other countries around the world.
With eight different bills all rising last week, hardworking families are worse off. Even council tax, which Starmer promised to freeze, is skyrocketing. But he and Rachel Reeves pretend everything is fine.