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Type: Public Finance Press Releases Authors: Robert Chote, Carl Emmerson and Gemma Tetlow
Today the Office for National Statistics announced that Northern Rock plc and the Bank of England are both to be classified as part of the public sector. This will temporarily push public sector net debt significantly above the ceiling of 40% of national income set down as one of Gordon Brown's fiscal rules in 1998. But the long term impact on net debt - and the need for any fiscal policy response - remains uncertain for the time being. Search |
IFS public finance bulletins are generously supported by the Economic and Social Research Council. The analysis is based on IFS calculations and does not reflect the views of the ESRC.
 View all Public Finance Press Releases in the series
Recent Public Finance Press Releases
Public finance bulletin: March 2013
IFS analysis of this month's public finance figures.
Public finance bulletin: February 2013
IFS analysis of this month's public finance figures.
Public finance bulletin: January 2013
IFS analysis of this month's public finance figures.
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