News · 23 November 2025
UK debt could hit 250% GDP; taxes must rise.
The UK's national debt currently stands near 100% of GDP, with official forecasters warning it could soar above 250% within 50 years unless taxes rise or spending cuts occur. An aging population driving increased healthcare, social care and pension costs is the primary factor behind this unsustainable trajectory. Young people face higher employer National Insurance contributions that are slowing job hiring, while debt interest payments have already doubled from 5% to 10% of government spending since 2018. The Office for Budget Responsibility warns current fiscal policies favor pensioners over younger generations.
Reported by Yahoo Finance · How we write briefs