The UK’s national debt is on an unsustainable path and is set to nearly triple in relation to the economy over the next 50 years, the Office for Budget Responsibility has warned.
Public debt is currently at its highest since the early 1960s, sitting at a total of some £2.7 trillion – equating to around 99.7 per cent of gross domestic product (GDP). But the fiscal watchdog warned yesterday that the national debt is set to spiral to more than 270 per cent of GDP by the mid-2070s.
Denne historien er fra September 13, 2024-utgaven av The Independent.
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Denne historien er fra September 13, 2024-utgaven av The Independent.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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STOLEN MOMENTS
The antics of the gentleman thief in EW Hornung's 'Raffles' bring Anthony Quinn as much joy as when he was a child.
Can Glaser give Hollywood the roasting it deserves?
The stand-up comedian's close-to-the-bone comedy makes Nikki Glaser the ideal choice to host tomorrow's Golden Globes. Move over, Ricky Gervais, writes Kevin E G Perry
'I'd just turned 18... I don't think I was remotely sexy'
Little Mix's Jade Thirlwall is newly solo with a debut electropop hit to her name. She talks to Annabel Nugent about the downside of fame and how she's never feared 'clapping back'
The disruptor: why Musk is a risk to German democracy
The tech billionaire's move to support the AfD is proof he is determined to unsettle a nation that knows all too well what far-right dictatorship can bring, writes John Kampfner
Slot turns transfer saga into surprise Liverpool benefit
Arne Slot has claimed that the saga about Trent AlexanderArnold's future is helpful to him as it prevents his Liverpool players from being overloaded with praise that could make them complacent.
United 'are starving for leaders', admits Amorim
When Ruben Amorim got to convey good news, it still came with a demand.
Still a teenager but there are few weaknesses in his game
Whether he beat or lost to Michael van Gerwen on the Alexandra Palace stage on Friday night, Luke Littler was al going to leave his second World Darts Championship as a winner.
Littler makes history after winning world title aged 17
Darts has a new world champion, and he's a 17-year-old boy from Warrington.
The hot UK industry that could be facing a wipeout
Don't tell Liam and Noel, but the biggest entertainment event of 2025 won't be their reunion, it'll be the launch of Grand Theft Auto VI.
Taxes to rise again despite growth, warn economists
A group of economists have warned that the Treasury is likely to raise taxes even further this year, despite an expectation that the country will return to growth in 2025.
