The UK’s finances are under a microscope following Sir Keir Starmer’s election victory. His Chancellor Rachel Reeves has also come out swinging with a number of high profile policy announcements.
However the national finances continue to show a steep decline into an abyss.
In a report published last Friday the UK’s national debt has reached a level equivalent to 99.5% of GDP (ONS). This is a result of accumulated borrowing by successive governments over a longer period of time.
It’s as bad as it was previously in the 1960’s. It really is time for change.