Market conditions could push up government debt servicing costs
Impact on UK government debt interest bill in given year £bn
Created with Raphaël 2.1.2
0
5
10
15
20
25
X
1
6
2021-22
12
5
3
2022-23
12
5
5
2023-24
12
6
7
2024-25
1 percentage point increase in gilt rates
12
1 percentage point increase in short rates
6
1 percentage point increase in inflation