Defence bonds simply mean more borrowing, Paul Johnson argues

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Defence bonds are government borrowing

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Ashutosh Sureka

11 hours ago

Defence bonds simply mean more borrowing, Paul Johnson argues — Defence bonds are government borrowing

Paul Johnson argues that so-called defence bonds are essentially just another form of government borrowing.

He suggests there is no substantive economic difference between issuing defence bonds and any other type of borrowing, and encourages advocates to acknowledge the true nature of such measures.

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Johnson has previously discussed how inheritance tax changes may affect the timing of deaths, citing evidence from Australia. In another recent article, he reviewed new targets to reach 3% and 3.5% of GDP by 2035, noting the significance of an additional £25bn. His recent comments continue his focus on the fiscal implications of policy proposals.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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