Britain currently has two emergency fiscal rules. There is a commitment, roughly speaking, to eliminate the structural deficit and to start shrinking net debt by 2015-6. These short term measures are designed to deal with the current debt crisis. If the government meets its objectives, the question then becomes, 'what next'?
Read the full blog post hereSource: http://www.iea.org.uk/blog/a-british-debt-brake
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