UK debt will grow ‘explosively’ if not addressed by governments, warns OBR
Primary government spending, excluding debt interest, is projected to rise from 40% of gross domestic product in 2030-2031 to 49% by 2075-2076, according to…
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Summary
The Office for Budget Responsibility (OBR) predicted that long-term population changes and economic trends will help put pressure on government spending. Looking ahead, forecasts showed an ageing population will help drive up spending on areas such as health, social care and state pensions.
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The Office for Budget Responsibility (OBR) predicted that long-term population changes and economic trends will help put pressure on government spending.
according to The IndependentLooking ahead, forecasts showed an ageing population will help drive up spending on areas such as health, social care and state pensions.
according to The Independent
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