Office for Budget Responsibility warns national debt on course to hit 270% of GDP by 2070 amid volatility
The UK’s public finances are in a “relatively vulnerable position”, with pensions costs, climate change and volatile bond markets all posing significant risks, the independent Office for Budget Responsibility has warned.
In its annual assessment of the long-term threats to the government’s fiscal position, the OBR points out that the UK has “the sixth-highest debt, fifth-highest deficit and third-highest borrowing costs among 36 advanced economies”.
Continue reading…Office for Budget Responsibility warns national debt on course to hit 270% of GDP by 2070 amid volatilityBusiness live – latest updatesThe UK’s public finances are in a “relatively vulnerable position”, with pensions costs, climate change and volatile bond markets all posing significant risks, the independent Office for Budget Responsibility has warned.In its annual assessment of the long-term threats to the government’s fiscal position, the OBR points out that the UK has “the sixth-highest debt, fifth-highest deficit and third-highest borrowing costs among 36 advanced economies”. Continue reading…
