Economist Liam Halligan warns Britain may be heading toward a debt crisis not seen since the 1970s — when Denis Healey went “cap in hand” to the IMF.
Speaking to Nigel Farage, Halligan lays out a brutal reality:
🔻 UK national debt has hit 100% of GDP
🔻 Bond yields are higher than at the height of the Liz Truss mini-budget crisis
🔻 Markets don’t trust Labour or the Bank of England to get inflation or spending under control
🔻 Debt interest payments now exceed spending on schools
“Government borrowing costs are now worse than Greece or Italy. And nobody’s talking about it.”
#LiamHalligan #UKEconomy #UKDebtCrisis #BondYields #RachelReeves #NigelFarage #IMF #SterlingCrisis #UKPolitics #Budget2025 #LabourGovernment
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