In response to the intensification of the financial crisis in Autumn 2008, the Bank of England, in common with other central banks, loosened monetary policy using both conventional and unconventional policy measures. In the United Kingdom, the principal element of these unconventional measures...

Woods analyses the role of public debt within the UK fiscal rules. The analysis is framed in the context of both the theoretical literature on fiscal sustainability and of the UK debt history. The UK government has two rules: the golden rule and the sustainable investment rule. The paper focuses...