Interest on UK’s debt bill will cost £83Bn this year


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Mark Littlewood quoted in the Daily Mail

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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