Reported 4 months ago
The article discusses the significant debt burden facing the next UK government, regardless of the outcome of the upcoming general election. The debt has accumulated due to crisis spending during the Covid outbreak and the cost-of-living shock following the Ukraine crisis. Both major parties, Labour and Conservatives, are limited in their options due to the high level of national debt and interest costs. The incoming government will have to navigate the challenging economic situation inherited from the past four years and address the need for funding in public services while balancing the debt and taxation issues.
Source: YAHOO