– Compared with the current-legislation scenario, for 2019 the Government plans to raise net borrowing by more than 1 percentage point, to 2.4 per cent of GDP. In the following two years the deficit is projected to narrow again, an outcome to which the partial activation of the safeguard clauses and the resulting VAT increase would also contribute.
Therefore, in order to ensure that people actually experience price stability, the rate of change in the CPI should be sufficiently positive.