It’s a frustration of mine that I often get the feeling people don’t seem to understand how on edge we are financially as a country. At the end of 2023/24 public sector net debt was £2.6 trillion, which is a staggering 98% of GDP. The interest the government has to spend to maintain this debt, which they should be spending on making Britain a better place, is at a 20 year high.
It doesn’t help, obviously, that 9.2 million people aged between 16 and 64 in the UK are not in work nor looking for a job. But there’s another cohort too which is costing us more than we can afford: pensioners.
