UK Debt Warned to Become 'Explosive' Without Immediate Action
The Office for Budget Responsibility (OBR) has warned that the UK's national debt is on an 'unsustainable' path and will grow 'explosively' if not addressed by future governments. They urged prompt action to change the current trajectory of public finances.
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Act soon to change ‘unsustainable’ direction of UK debt, OBR warns
Forecaster says curtailing rising costs such as health and pensions ‘are today’s challenge, not just tomorrow’s’ Business live – latest updates Policymakers must act to prevent public debt rising unsustainably in coming decades as the population ages and defence spending rises, the government’s independent economic forecaster has said. In a fresh illustration of the challenges facing the prime minister in waiting, Andy Burnham, the Office for Budget Responsibility (OBR) said that without go...
By Heather Stewart Economics editor
Read full article →UK debt will grow ‘explosively’ if not addressed by governments, warns OBR
The OBR set out the findings from a series of forecasts in the latest annual fiscal risks and sustainability report.
By Anna Wise
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