OBR warns UK public finances on unsustainable path, urges early action to reduce costs

5h ago· 1 min readenNews

Summary

The UK Office for Budget Responsibility's Fiscal risks and sustainability report warns that UK public finances are on an unsustainable long-term path. The report projects that public debt will enter a steep upward trajectory in the 2040s under the baseline scenario, with alternative scenarios showing this happening even earlier. While long-term projections are inherently uncertain, the OBR states that future government action will almost certainly be needed, and acting early would be less costly than delaying intervention.

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bskyOBR warns UK public finances on unsustainable path, urges early action to reduce costsobr.uk

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UK public finances heading towards unsustainable long-term path, with early action to address this less costly than waiting

Almost all our scenarios show public debt eventually moving onto an unsustainable path

Debt moves onto a steep upward trajectory in the 2040s in our baseline scenario

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Our Fiscal risks and sustainability report examine the likely major pressures on the public finances over the next 50 years. Long-term projections are highly uncertain and sensitive to the underpinning assumptions. But almost all our scenarios show public

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