Mark Littlewood, IEA Director General, has commented in the Daily Mail on rising national debt, which now amounts to £2.3 trillion, due to the government’s high borrowing.

Mark described the situation as “dire”, claiming that,

“There are only two real ways out of this mess over the long run.”

“You either have to substantially increase tax revenues or substantially lower spending, or a mixture of the two.”

“As with most problems, the debt problem gets worse the longer you delay facing up to it.”

Read the full article here.