BBCNEWS BBC News at Six June 4, 2024 17:10:00
Since the second world war. today the 0br has projected forward the impact of policy, changes in the population such as fewer workers and more retirees. it wasn't looking great to start with — add in the impact of rising interest rates and future energy shocks and long term we are on course for a record national debt up to three or even 400% of gdp though over a long period of 50 years. what is driving this? rising interest rates don't just affect mortgages but govenrment borrowing costs too, all governments. but, says the 0br, the uk has been especially hit. why? because our debts are now e...
Source: archive.org