Government Debt Repayment ‘Could Rise to Half’ of Total Taxes

Government debt repayment ‘could rise to half’ of total taxes

Children and young people today could see nearly half of their taxes spent on servicing government debt, new modelling by a favoured Labour think tank has suggested.  Research by the Institute for Public Policy Research, a left-leaning think tank that was formerly the workplace of several Labour ministers and advisers, has shown that debt interest could equal about a fifth of total government revenue by 2075.  A report on the long-term fiscal pr…

Revealed: £1 in every £5 of future generations’ taxes set to go on debt interest

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