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 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.




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Quote of the Day

President Trump on May’s Brexit deal:

“I would say that Brexit is Brexit. … The people voted to break it up. So I would imagine that’s what they’ll do. But maybe they’ll take a different route, I’m not sure that’s what they voted for.”

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