Brexit shock could see balance sheet 'liabilities' hit growth, watchdog warns

Brexit shock could see balance sheet 'liabilities' hit growth, watchdog warns
 

The Commons Public Accounts Committee (PAC) said provisions liabilities had increased by 71% and contingent liabilities - possible future financial obligations for the Government - by 85% since 2009-10.
The committee said the Government is increasingly using its credit rating to issue guarantees, and by the end of March 2015 had committed £18 billion to "significant" guarantee schemes against a potential exposure of £100 billion.
"A major economic shock could cause these liabilities to crystallise and the Government's ability to meet these costs would also depend on economic... read more

 
14 October 2016 in Regional West, Views: 36
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