The truth about the public finances The current deficit and rising net debt are problems; but not problem is so great that it cant be exaggerated and distorted The current deficit and rising net debt are problems; but not problem is so great that it cant be exaggerated and distorted Investors have enthusiastically funded UK debt at low cost throughout the crisis Investors have enthusiastically funded UK debt at low cost throughout the crisis Gilt auctions consistently oversubscribed Gilt auctions consistently oversubscribed Ministers & media have raised the prospect of an imminent debt crisis whilst failing to describe what is actually happening in the markets Ministers & media have raised the prospect of an imminent debt crisis whilst failing to describe what is actually happening in the markets Investors consider a wide range of factors such as stock of debt, maturity of debt, structure of debt and future economic prospects as well as current deficit Investors consider a wide range of factors such as stock of debt, maturity of debt, structure of debt and future economic prospects as well as current deficit
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