Ruth Porter writes for Conservative Way Forward's magazine
It is clear that our economy faces major structural problems. The government is failing to close the deficit and a national debt of around £700bn when the coalition took office will have increased to around £1.5 trillion by the end of the Parliament. Including offbalance-sheet liabilities, such as public sector pensions, the figure rises to an eye-watering £5 trillion.
Debt repayments this year total a heady £48bn (a similar sum to the budget of the Department for Education and around half that of the Department for Health). This gives some indication of just what a burden this debt places on us.
Read the full article here.