With the UK’s debt as a proportion of GDP above 100%, any increases in interest rates would have a significant impact on the economy and government spending. When asked whether it was modelling for interest rate increases, the Treasury confirmed that it did, but deferred to the OBR as the prime place for this information, noting that the 16 Public Accounts Committee, Twenty-Eighth Report of Session 2019–21, The Nuclear Decommissioning Authority’s management of the Magnox contract, HC 653 Nove...

With the UK’s debt as a proportion of GDP above 100%, any increases in interest rates would have a significant impact on the economy and government spending. When asked whether it was modelling for interest rate increases, the Treasury confirmed that it did, but deferred to the OBR as the prime place for this information, noting that the 16 Public Accounts Committee, Twenty-Eighth Report of Session 2019–21, The Nuclear Decommissioning Authority’s management of the Magnox contract, HC 653 November 2020 17 Q 77 18 Q 79 19 Q 81 20 WGA 2018–19, p 41 21 Qq 75–76 22 WGA 2018–19, para 1.12, p 3 23 National Audit Office, Evaluating the government bal Type: conclusion | Number: 13 | Response status: under_consideration