Public debt limits

Public debt limits future government’s investment, says Lloyds Banking Group’s Charlie Nunn

The CEO of the UK's largest mortgage lender lays out the most significant issues for the next administration, warning that families should not expect a return to the ultra-low interest rates that have prevailed for most of the previous 16 years. The CEO of Lloyds Banking Group, the UK's largest lender, has cautioned that whoever wins the general election will be unable to drive growth by boosting government borrowing. According to Charlie Nunn, the UK's national debt has risen during the last decade and a half due to "massive shocks" such as the global financial crisis, the pandemic, the war in Ukraine, and other challenges peculiar to the UK economy.