How the government can minimise its interest obligations

How the government can minimise its interest obligations

Avoiding waste in government – true waste, with no public benefit – is obviously a good thing. It frees up resources for productive spending or tax cuts, according to ideological preferences, views on how the economy works and electoral mandates. True waste can arise in obscure places: not just in how governments spend but also in how they tax and borrow. In recent years, some of the richest countries in the world, including Britain, have wasted…