How the government can minimise its interest obligations

The New Statesman – Avoiding waste in government – true waste, with no public benefit – is obviously a good thing. It frees up resources for productive spending or tax cuts, according to ideological preferences, views on how the economy works and electoral mandates. True waste can arise in obscure places: not just in how governments spend but also in how they tax and borrow. In recent years, some of the richest countries in the world, including Britain, have wasted resources in how they funded themselves, but for reasons so obscure and complex that few have noticed. I’m going to try to explain this while there is still time to do something about it. READ MORE