UK national debt is on course to treble over the next half a century due to several pressures, according to the governments official forecaster.
Those pressures include an ageing population, climate change, and rising geopolitical tensions, the Office for Budget Responsibility (OBR) said in a report.
The OBR said without extra tax revenues or a return to post-war productivity levels, the public finances were not sustainable over the long term, and “something has got to give”.
Chief Secretary to the Treasury Darren Jones said: The OBR has laid bare the shocking state that our public finances were left in by the previous government.”
