
The Office for Budget Responsibility predicts public debt would soar to more than 270% of gross domestic product by the mid-2070s, up from just under 100% now, due to a big projected rise in public spending.
OBR forecasts, based on stated government policy, suggest public spending will rise to 60% of GDP from 45% but revenue will remain flat..
The increase in spending will mainly be driven by the transition to net zero, the costs of supporting an ageing populartion and geopolitical tensions that push up defence spending.
Bu hikaye Daily Express dergisinin September 13, 2024 sayısından alınmıştır.
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Bu hikaye Daily Express dergisinin September 13, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap

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