UK Public Debt Hits 100% GDP

This is a UK news story, published by The Conversation.

UK news

For more UK news, you can click here:

more UK news

News about United kingdom politics

For more United kingdom politics news, you can click here:

more United kingdom politics news

The Conversation news

For more news from The Conversation, you can click here:

more news from The Conversation

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best world news, business news, entertainment news, and much more. If you like this article about United kingdom politics, you might also like this article about

public spending

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest financial pressures news, debt news, news about United kingdom politics, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

public debt

The Conversation

•

The boomer generation hit the economic jackpot. Young people will inherit their massive debts

Summary

Nutrition label

79% Informative

The UK ’s public debt is now 100% of GDP and will have to be carried by tax-payers for decades to come.

Paying the interest just the interest of the country's debt currently accounts for around 7.3% of public spending.

In the last 20 years , the average income of pensioners has increased on average by more than 50% , while that of working-age adults has risen by less than 10% .

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

https://news.sky.com/story/labour-conference-votes-to-reverse-cut-to-winter-fuel-allowance-in-embarrassing-blow-to-starmer-13221742 https://www.shutterstock.com/image-photo/old-mother-grown-millennial-daughter-law-1231591459 https://www.core-econ.org/the-economy/microeconomics/09-lenders-borrowers-05-discounting-external-effects.html https://www.lse.ac.uk/granthaminstitute/explainers/what-is-meant-by-intergenerational-climate-justice/https://onlinelibrary.wiley.com/doi/epdf/10.1111/1467-6451.00049 https://www.gov.uk/tax-national-insurance-after-state-pension-age https://www.ft.com/content/f21642d8-da2d-4e75-886e-2b7c1645f063 https://www.bbc.co.uk/news/articles/c4gv632d05lo https://ifs.org.uk/publications/how-have-pensioner-incomes-and-poverty-changed-recent-years https://www.ageuk.org.uk/information-advice/money-legal/benefits-entitlements/free-bus-pass-and-transport-concessions/https://news.sky.com/story/national-debt-at-100-of-gdp-for-first-time-since-1960s-13218196 https://www.ft.com/content/fadfbd9e-29ca-4d53-b69a-2497cc3ed95d https://yougov.co.uk/topics/politics/survey-results/daily/2024/07/30/65187/1 https://beatricecherrier.wordpress.com/2024/08/15/s1e8-by-popular-demand-the-ramsey-formula-for-discounting-comes-to-ipcc/https://www.kingsfund.org.uk/insight-and-analysis/long-reads/whats-happening-life-expectancy-england https://www.theguardian.com/society/2017/may/22/theresa-may-u-turn-on-dementia-tax-cap-social-care-conservative-manifesto https://www.tandfonline.com/doi/full/10.1080/00036840500215170 https://www.gov.uk/government/publications/covid-19-mental-health-and-wellbeing-surveillance-report/7-children-and-young-people https://www.annualreviews.org/content/journals/10.1146/annurev.economics.102308.124440 https://wonkhe.com/blogs/a-graduate-tax-is-still-the-fairest-way-for-graduates-to-contribute-to-the-cost-of-their-study/https://www.bbc.com/news/articles/cw4478wnjdpo https://ifs.org.uk/taxlab/taxlab-key-questions/what-does-government-spend-money https://yougov.co.uk/topics/politics/trackers/should-the-long-term-care-of-the-elderly-be-funded-by-introducing-extra-inheritance-tax https://www.ons.gov.uk/economy/governmentpublicsectorandtaxes/publicsectorfinance/bulletins/publicsectorfinances/may2024 https://www.ons.gov.uk/peoplepopulationandcommunity/personalandhouseholdfinances/incomeandwealth/bulletins/distributionofindividualtotalwealthbycharacteristicingreatbritain/april2018tomarch2020 https://obr.uk/forecasts-in-depth/the-economy-forecast/brexit-analysis/https://www.ft.com/content/9ed9df4c-1c67-41d9-98a6-6e7c84de8429 https://obr.uk/forecasts-in-depth/tax-by-tax-spend-by-spend/debt-interest-central-government-net/https://www.bbc.com/news/uk-politics-36616028 https://www.instituteforgovernment.org.uk/explainer/hs2-costs https://www.gov.uk/repaying-your-student-loan/what-you-pay https://ifs.org.uk/articles/public-investment-what-you-need-know https://www.bbc.com/news/articles/cn5r07kw24no https://ifs.org.uk/taxlab/taxlab-taxes-explained/national-insurance-contributions-explained https://www.health.org.uk/evidence-hub/money-and-resources/income/trends-in-income-growth-by-age https://policyinpractice.co.uk/report-missing-out-19-billion-of-support-is-unclaimed-each-year/https://www.ft.com/content/8ad6201d-18fc-4365-9d7f-7e5379427879 https://www.bbc.co.uk/news/business-64970708 https://fullfact.org/economy/millionaire-pensioners/

Affiliate links

no affiliate links

Read full article