The UK’s public debt is on an “unsustainable” upward path because of trends such as population ageing and the costs of climate change, the government’s fiscal watchdog has warned.
Surging public spending is projected to lead to a rise in the ratio of public debt to 274 per cent of GDP over the coming 50 years, compared with less than 100 per cent now, according to the Office for Budget Responsibility.
Over the same period, public spending is projected to rise from 45 to more than 60 per cent of GDP, even as revenues remain at about 40 per cent of GDP.
您已阅读15%（558字），剩余85%（3094字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。