Britain’s Borrowing Binge

Useful insights (and a neat application of national income accounting identities) as to why Britain’s higher-than-expected public borrowing coexists with unusually low real yields, prompting renewed calls for extra infrastructure investments…
Britain’s Balance Sheet Recession, Ed Conway, Sky News, 21 Aug 2012
Austerity’s not working, Chris Dillow, Stumbling and Mumbling, 21 Aug 2012
Borrowing figures prompt co-ordinated growth push across Whitehall, The Guardian, 22 Aug 2012