In this video the google bots discuss my article Britain's Looming Fiscal Storm.
The OBR’s latest report paints a challenging and interconnected fiscal landscape for the UK.
The combination of structural vulnerabilities, costly long-term commitments like the state pension triple lock and the significant financial demands of climate policies (which the OBR underestimates), pose a formidable challenge to public finances.
The warning is clear: without difficult policy choices, the UK risks an unsustainable debt trajectory and a reduced capacity to navigate future shocks.
One could put it in more "earthy" terms - but you know what I mean!
