Anonymous5 days ago
Leading economists including former IMF chief economist Ken Rogoff have warned there is a greater than 50 percent chance the UK will face a debt crisis before 2030, as public sector net debt approaches £3 trillion and annual debt servicing costs have nearly tripled since the pandemic. While the UK borrows in its own currency and retains monetary sovereignty, rising gilt yields, an aging population, and structural spending pressures have reopened a sharp debate about whether Britain's fiscal trajectory is sustainable or whether crisis framing overstates the risks.