National Debt Cost

The spiralling cost of our national debt is a monumental drain on public finances, threatening every aspect of the UK's spending. We can tackle this by fundamentally reforming how the Bank of England manages its finances, saving Billions that can be reinvested into our country. Simultaneously, we must restore market confidence to avoid punitive interest rates that can cripple our economy, ensuring a more stable and prosperous future for everyone.

If investors in Gilts determine they require a higher return for the UK risk factor, a 1% increase in the rate would cost £200 Billion per year.

Which would have to be borrowed, and even the interest on that annual sum is £10 Billion, which is substantially more than was spent on winter fuel allowance.

All reasons why FixUK is so important to action.

National Debt Cost:Total Budget £130 Billion

Revised Budget £82 Billion changed by £-48 Billion: 63.1%

National Debt Cost Bank of England paying interest on QE Reserves

Policy:

Bank of England Must Stop Paying Interest to Commercial Banks on QE Reserves.

Annual Expenditure Reduction of £-35 Billion

National Debt Cost Interest Rates

Policy:

Interest Rates, should decrease when the market has confidence the Government has a plan to tackle the National Debt and is acting on that plan.

Annual Expenditure Reduction of £-1 Billion

National Debt Cost Savings as Reducing Debt

Policy:

Instead of adding over £120 Billion to Debt, repaying debt by £100 Billion, would save interest on Government Debt.

Annual Expenditure Reduction of £-8 Billion

National Debt Cost Savings from Capital Reduction

Policy:

Repaying Capital amount of the National Debt by collecting from prior events, as suggested by AI, would reduce also reduce the interest paid.

Annual Expenditure Reduction of £-4 Billion