Government debt repayment ‘could rise to half’ of total taxes Economics Children and young people today could see nearly half of their taxes spent on servicing government debt, new modelling by a favoured Labour think tank has suggested. Research by the Institute for Public Policy Research, a left-leaning think tank that was formerly the workplace of several Labour ministers and advisers, has shown that debt interest [...]
Andy Burnham is on course to rack up the second highest debt interest bill on record Opinion Britain’s national debt has reached £3 trillion. We can’t go on like this, says Anne Strickland Andy Burnham has been Prime Minister for just over a fortnight and in that time, Britain’s national debt crossed the unimaginable £3 trillion mark, according to the Taxpayers’ Alliance Debt Clock. It took us 11 years to go from [...]