Debt's Unyielding Grip on Britain's Economy The Office for Budget Responsibility (OBR) has once again sounded the alarm on Britain's unsustainable debt trajectory, warning of a future where government spending spirals out of control.
According to its latest report, UK debt levels are projected to soar from 95% of gross domestic product (GDP) in 2030 2031 to an eye watering 300% by 2075 2076.
Britain's economic trajectory has been characterized by years of profligate spending and rising borrowing.