On 16/02/2015 18:12, Tim Streater wrote:
....
Notwithstanding any of this, I'd still like to see our debt being
reduced for a few years, by running a surplus...

Actually, all that will do to begin with is to reduce the amount we need
to borrow each year. Current estimates are that we will start to show a
profit around 2017 and stop borrowing more around 2019. After that, we
will be able to start reducing the debt, although GDP growth should have
already started to reduce it as a percentage of GDP. That is assuming
that we stay in the EU and don't convert an economy currently growing at
2.6% to one that is shrinks by about 2.25%.

--
Colin Bignell