Interest on UK’s debt bill will cost £83Bn this year
24 March 2022
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Media
23 March 2022
In the Media
Mark Littlewood quoted in the Daily Mail
25 March 2022
Government and Institutions
Mark Littlewood quoted in the Daily Mail
During the Spring Statement, the Chancellor revealed that the cost of servicing Britain’s huge national debt will cost an eye-watering £83 billion in 2022/23.
IEA Director General Mark Littlewood was quoted in the Daily Mail, saying: “This is not paying back the debt, this is just servicing the debt. We can’t go on like this forever. We have been living beyond our means.“
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