so some reforms of state owned enterprises, for some of these government companies also on the cards. also programmes with the cards. also programmes with the government is expected to roll out programmes on supporting the vulnerable sections of society who may be under more pressure after some of the announcement coming today because of the focus really has to be an government revenues and reducing state expenditure and all eyes are going to be under this budget, from the imf, from the external creditors of sri lanka, as well as from the people because this will really chart out the ground the government has to bring more economic stability and macroeconomic stability in the country. life and macroeconomic stability in the country- the country. we shall check with you the country. we shall check with you again the country. we shall check with you again must - the country. we shall checkj with you again must budget the country. we shall check. with you again must budget is deliver
and that in turn will increase government revenues and help pay for the tax cuts and that should help to calm the bond market. but it s spooked people who have invested in uk government debt and are worried that the uk has become a less reliable borrower than it used to be. and lots of them started selling their bonds, pushing the price down. now, something you need to understand about bonds is this. if the price goes down, then the effective interest rate, which is called the yield, goes up. and that interest rate makes it more expensive for the government to borrow. and that means more government money is spent on debt interest instead of public services. and it also pushes up interest rates on other things, notably mortgages. so if you are about to remortgage or buy a house, that s going to be more expensive. it could push rents up, too. it s also caused a lot of chaos for pensions because they hold a lot
to bear in mind suggesting it is not enough. we need to bear in mind that suggesting it is not enough. we need to bear in mind that those suggesting it is not enough. we need to bear in mind that those energy - to bear in mind that those energy bills are likely to go up once again later this year. we have been calling for some time for an increase in universal credit for around six months from this autumn, as well as an increase in the energy amounts to £600. that is entirely affordable, because government revenues have gone up in line with inflation, but government expenditure hasn t. that means if the government wishes to do so, it could do more for these vulnerable households. and i think that is an absolute priority for any government as we enter what will be a very difficult also for many families. many of whom are in work. we should not be in a situation where families who have working adults within them are struggling to get by, that is not the position we would want to c