The Debt and Reserves Management Report (DRMR) sets out the Government's remits for the following financial year for its agents, the UK Debt Management Office (DMO) and National Savings and Investments (NS&I) that implement its debt management policy. It also includes a summary of the Government's debt management activities in the current financial year.
Driven by improved productivity, the UK's GDP per head - the average income for every man, woman and child - has gone from the lowest amongst the group of seven leading industrial economies in the early 1990s to being second only to the United States last year.
inflation in the UK will rise in the short term as higher oil and food prices feed through into domestic inflation.
The success of the Monetary Policy Committee and the resilience of the UK economy is clear. Energy prices have tripled since 2002, but over this period inflation has averaged just 2 per cent and growth has averaged 2 3/4 percent.