Office for Budget Responsibility, Tax and spending, Economics, Government borrowing, Economic policy, Labour, Conservatives, Business, Politics Business | The Guardian
OBR report is not all doom and gloom, but preventing debt rising to 274% of GDP would require tough action• UK debt projected to almost triple by mid-2070sBusiness live – latest updatesA near tripling of the national debt; public spending accounting for well over half the economy’s annual output; government borrowing at levels never seen before: that’s how the Office for Budget Responsibility sees Britain in 50 years time when it looks into its crystal ball.No question, it is grim stuff. On unchanged policies, the government’s independent spending watchdog sees national debt as a share of national income (gross domestic product) rising from just under 100% to 274% by the mid 2070s. Continue reading…
OBR report is not all doom and gloom, but preventing debt rising to 274% of GDP would require tough action
• UK debt projected to almost triple by mid-2070s
Business live – latest updates
A near tripling of the national debt; public spending accounting for well over half the economy’s annual output; government borrowing at levels never seen before: that’s how the Office for Budget Responsibility sees Britain in 50 years time when it looks into its crystal ball.
No question, it is grim stuff. On unchanged policies, the government’s independent spending watchdog sees national debt as a share of national income (gross domestic product) rising from just under 100% to 274% by the mid 2070s.
