"Britain's public finances: past, present and future"
Presented by Robert Chote,
Chair, Office of Budget Responsibility
In the summer of 1694 “ Natives and Foreigners, Bodies Politick and Corporate” were invited to subscribe £1.2 million to the newly created Bank of England, so that it could then be lent to the Government to finance the war against France. British Governments have been long-term borrowers ever since and the way they manage their finances has remained a matter of intense political interest.
In his lecture Robert Chote will examine the past, present and future state of Britain’s public finances, at a time when national fiscal management is under intense scrutiny right around the world.