Next UK government faces biggest debt challenge since 1950s – report
by Nina Lloyd
Jan 25, 2024
3 minutes
Sluggish economic growth and high national debt will leave the next UK government facing one of the bleakest fiscal challenges since the 1950s, experts have warned.
Whichever party wins the election this year may be unable to fund existing public services if politicians are not transparent about the trade-offs they face, according to an Institute for Fiscal Studies (IFS) report.
Prime Minister and Chancellor have for months dropped hints about tax
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