08-July-2026
Economy News
 
UK Will Need Vast Fiscal Tightening to Avert Debt Spiral, OBR Predicts
08-Jul-2026

Britain will need extra tax rises or spending cuts equivalent to the entire education budget early next decade to prevent government debt spiralling higher from current levels, the Office for Budget Responsibility said on Tuesday.

News Source:- https://money.usnews.com/investing/news/articles/2026-07-07/britain-will-need-vast-fiscal-tightening-to-avert-debt-spiral-obr-predicts