<p>Peers said they were raising a ‘big red flag’ and tough choices will be needed</p><p>The pressing risk of the national debt becoming unsustainable will force Britain into the unenviable choice of paying higher taxes or the state doing less, a House of Lords committee has warned.</p><p>A report by peers said tough decisions and a new <a href="https://www.theguardian.com/uk-news/2024/mar/05/uks-fiscal-rules-obr-treasury-budget-jremy-hunt">set of rules</a> for the public finances were needed in order to put debt – currently just under 100% of annual national income – on a decisive downward path.</p> <a href="https://www.theguardian.com/business/article/2024/sep/10/uk-debt-must-be-steered-off-unsustainable-course-warns-lords-committee">Continue reading...</a>