View more on these topics

CSR: Debt interest payments to reach £63bn in 2014-15

Debt interest payments will rise by almost half over the lifetime of this Parliament, according to the Chancellor’s comprehensive spending review.

Chancellor George Osborne (pictured) announced today that interest payments will be £63bn in 2014-15, despite the savage cuts announced in the CSR. This compares with payments of £43bn this year.

The figures imply a sharp rise in the interest rate paid by the Government, as total spending will only rise slightly and the deficit is due to be cut.

Public spending is due to rise from £651bn to £693bn in 2014-15 excluding capital expenditure and £702bn to £740bn when capital expenditure is included.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm