Government borrowing is currently running 10% higher than last year – exacerbating the already parlous state of the UK’s public finances.
This week, as part of its 2020 Vision initiative, the Institute of Economic Affairs launched its new report, Defusing the Debt Timebomb. The think tank says spending restraint, pro-growth reforms and fundamental changes to pensions and healthcare provision are urgently needed to tackle this colossal problem. Download the report 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.
