Rishi Sunak has been accused of squandering £11bn of taxpayers money by paying too much interest servicing the government’s debt.
Calculations by the National Institute of Economic and Social Research, the oldest non-partisan economic research institute in the UK, show the losses stem from the chancellor’s failure to take out insurance against interest rate rises a year ago on almost £900bn of reserves created by the quantitative easing process.
The loss to taxpayers is greater than the amount Conservatives have accused former Labour chancellor and prime minister Gordon Brown of costing the UK between 2003 and 2010, when he sold some of the nation’s gold reserves at rock bottom prices.
您已阅读19%（695字），剩余81%（2939字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。