UK’s Long-Term Debt Outlook Alarming as Pension, Climate and Defence Costs Surge
The UK’s financial future is under severe strain, according to the Office for Budget Responsibility (OBR), which has raised concerns over ballooning pension costs, rising climate-related expenditures, and increasing public debt. Without significant policy changes, the OBR projects that government debt could skyrocket to 270% of GDP by 2070 — a steep rise from its […]
