UK Debt Hangover Ties Next Government's Hands, Whoever Wins.
In: Bloomberg.com, 2024-06-03, S. N.PAG
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Zugriff:
Whoever wins the upcoming UK general election will face a significant debt burden that will limit their ability to take action. The debt is a result of four years of crisis spending during the Covid pandemic and the aftermath of Russia's invasion of Ukraine. Both the Labour Party and the Conservatives are affected by this debt, as they both supported the spending. The high taxes and interest rates required to service the debt are hindering the ability to fund public services and address other pressing issues. The UK's debt burden is higher than that of other major advanced economies, and the scars from the pandemic are evident in the country's slow recovery and job market. The debt structure and inflation also pose challenges for the government. Overall, the next government will face a difficult economic inheritance and limited options for addressing the debt. [Extracted from the article]
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UK Debt Hangover Ties Next Government's Hands, Whoever Wins.
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Autor/in / Beteiligte Person: | Aldrick, Philip ; Atkinson, Andrew |
Zeitschrift: | Bloomberg.com, 2024-06-03, S. N.PAG |
Veröffentlichung: | 2024 |
Medientyp: | serialPeriodical |
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