Economy

Money in people’s pockets is the key to economic recovery | Letter

David Redshaw responds to a letter on the bond markets and economic pressures afflicting the UK Neil Kinnock’s timely letter ( 9 September ) reminds us that we are not alone in suffering high gilt yields and borrowing costs. We are still feeling the fallout from Covid, and it needs mentioning that our national debt is similar to America’s and much less than Japan’s, and it never gets mentioned that Italy routinely runs 100% of GDP debt. But as Kinnock observes, the policies of several Conservative governments (including Brexit) have made things worse, and the problem for us is not so much the