<p>OBR report is not all doom and gloom, but preventing debt rising to 274% of GDP would require tough action</p><ul><li><a href="https://www.theguardian.com/business/2024/sep/12/uk-debt-projected-to-almost-triple-over-next-50-years-watchdog-warns">UK debt projected to almost triple by mid-2070s</a></li></ul><p>A near <a href="https://www.theguardian.com/business/live/2024/sep/12/john-lewis-partnership-halves-losses-profits-openai-150bn-european-central-bank-business-live">tripling of the national debt</a>; public spending accounting for well over half the economy’s annual output; government borrowing at levels never seen before: that’s <a href="https://obr.uk/">how the Office for Budget Responsibility sees Britain in 50 years’ time</a> when it looks into its crystal ball.</p><p>No question, it is grim stuff. On unchanged policies, the government’s independent spending watchdog sees national debt as a share of national income (gross domestic product) rising from just under 100% to 274% by the mid-2070s.</p> <a href="https://www.theguardian.com/business/2024/sep/12/can-uk-avoid-national-debt-almost-tripling-over-next-50-years">Continue reading...</a>