07/10/2026
What follows sounds too appalling to be real but this is Britain today under Labour.
In the year to March 2026, government borrowing was almost £125 billion and over the same period, they had to pay £97.6 billion in debt interest. So we have almost 80% of borrowing having to cover interest payments on a national debt of £3 trillion.
Government borrowing costs are rising globally, but unfortunately for us, the UK is having to pay the highest interest rates in the G7 on government debt. This is going to have increasing consequences for us all and sooner or later, the country is going to have to live within it’s means.