Britain’s public debt burden is projected to exceed £3.5trillion by the 2030–31 financial year, according to new forecasts from the Office for Budget Responsibility (OBR). Annual interest costs are ...

Britain risks an “explosion” in the national debt under Rachel Reeves’s spending plans, the Office for Budget Responsibility (OBR) has warned. Prof David Miles, a member of the fiscal watchdog’s ...

Global state debt has hit $100 trln, and borrowing costs have wobbled for Britain, France and the US. But if inflation keeps ...

Chancellor of the Exchequer Rachel Reeves needs to run primary budget surpluses, a feat Britain last achieved quarter of a century ago, to get a grip on the country’s “unsustainable” debt trajectory, ...

Global public debt could increase to 100 percent of global gross domestic product by the end of the decade if current trends continue, according to projections in our latest Fiscal Monitor. The rising ...

An intolerable burden is being placed on future generations that will result in financial crises and political instability ...

Having debt is important in times of crises, but if investors think it’s too risky to lend money to a country, interest rates can go up. When the United States spends more money than it takes in ...