Defusing the Debt Timebomb

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Government borrowing is currently running 10% higher than last year – exacerbating the already parlous state of the UK’s public finances.

This month, as part of its 2020 Vision initiative, the Institute of Economic Affairs is looking at ways of defusing the UK’s debt timebomb.  Its book, “The Government Debt Iceberg, takes a comprehensive look at the colossal scale of the problem – and outlines the crippling tax rises needed to pay for the promises made by successive governments.

Download it for free here

And a new short film from ieaTV Danny and the Debt Mountain shows why this story is unlikely to have a happy ending.  Watch it here.


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Quote of the Day

In response to the news that Emily Thornberry described the Lib Dems as “like the Taliban” over their new revoke Article 50 Brexit policy, the former Lib Dem leader responded:

“Come on Emily, if we really were like a Middle East terrorist group, don’t you think Jeremy would’ve invited us to a conference fringe meeting before now?”

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