Politics · 1 hour ago
Why inflation could leave a £35bn hole
Chris McAndrew via Wikimedia Commons (CC-BY-3.0)
Higher inflation could leave a £35bn gap in public finances, according to analysis from the Institute for Fiscal Studies, a public finance research body. Conservative leader Kemi Badenoch will challenge Chancellor John Healey in a London speech on Tuesday, ahead of his first Budget on 28 October. UK debt interest could reach £110bn this year, rising above £130bn by 2030.
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