Risks from climate, pensions and bonds leave UK public finances ‘vulnerable’

Office for Budget Responsibility warns national debt on course to hit 270% of GDP by 2070 amid volatilityBusiness live – latest updatesThe UK’s public finances are in a “relatively vulnerable position”, with pensions costs, climate change and volatile bond markets all posing significant risks, the independent Office for Budget Responsibility has warned.In its annual assessment of the long-term threats to the government’s fiscal position, the OBR points out that the UK has “the sixth-highest debt, fifth-highest deficit and third-highest borrowing costs among 36 advanced economies”. Continue reading...

Comments

World news

Millions of flies to be dropped over Texas to combat flesh-eating maggots

Independent

Tragic picture shows entire cabin of Camp Mystic girls and counsellors swept away in Texas floods - as death toll rises to over 100

about 7 hours ago

Donald Trump says US will send more weapons to Ukraine after Putin rejects peace talks

Metro

Comments

Similar News

UK faces ‘daunting’ risks to public finances, OBR warns

Elon Musk's Trump fallout poses deepening risks to Tesla, SpaceX

Texas at risk of more flooding as death toll surpasses 80 people

20 years since 7/7 London terror attack but UK security risk worse now than it was then

Risk of further floods in Texas during desperate search for missing as death toll tops 80

Ibiza’s ambulance service risks collapse due to callouts to clubs, says union

UK may have to turn taps off as water supply risks running dry in 10 years

‘They’re skin and bones’: doctors in Gaza warn babies at risk of death from lack of formula

Scientists behind Armageddon flu virus suspend their research because it 'could put world at risk of catastrophic pandemic'

The deadly risk of trying to reach food in Gaza

World news

Millions of flies to be dropped over Texas to combat flesh-eating maggots

The minister, the general and the oil baron: All the mysterious deaths of Russian officials and businessmen

Catalonia wildfire burns 7,000 acres and forces 18,000 people into lockdown

Marseille wildfire latest: Huge blaze rages on edge of French city and shuts airport

Democrats push bill that would ban face masks for ICE agents and force them to ID themselves

Chihuahua hailed a ‘four-legged hero’ after helping rescuers find owner who fell into a glacier

VA ditches plans to cut 83,000 workers after outcry

Diogo Jota thought to have been driving at high speed before fatal crash, Spanish police say

Fake AI voice impersonating Secretary of State Marco Rubio contacts foreign ministers and US officials

Diogo Jota death: 'Everything points to' speeding before car crash which killed Liverpool star, police say

Canadian soldiers charged in alleged anti-government terror plot

This is what will happen if the UK suffers a catastrophic power outage

Trump pulls plug on UK research into air pollution and global warming

Birmingham and Edinburgh airports are scrapping 100ml liquids rule – what you need to know

Norman Tebbit was the grandfather of Brexit

Residents cling to rope as Texas floodwater surges around them

How the brutal killing of a sniffer dog has outraged Italy

Brigitte Macron: Who is the wife of French President Emmanuel Macron?

Body found amid search for American tourist who vanished while on romantic getaway with his wife

The State Department Overhaul Is Long Overdue

The divine ascent of the Christian-coded male pop star

Who was Ken Brown, and why has his 1994 murder remained unsolved?

Rachel Reeves has no excuse for her China-style pension changes

At least 13 suicides may be linked to Horizon IT scandal

How Reeves’s pension reforms could affect your retirement pot, according to experts

France is ‘doing its best’ to stop small boats. Is this true?

Nurses, doctors and teachers could opt out of gold-plated pensions for pay rises

You can finally keep your shoes on at the airport, say TSA after years of frustrating checks

Trump bill gives ICE $45 billion for detaining immigrants - more than it received in the last 15 years combined

One man gored and others bruised in Spain’s bull running festival

US children much more likely to die than in similar countries, study finds

Texas floods mapped: Here are the affected areas as death toll rises

Jon Stewart uses GOP’s own words to skewer lawmakers who voted for Trump’s controversial bill

Scrapped safety proposal for semi-trucks means they can zoom down US highways at top speed

Freak hailstorm batters Croatia as wildfires rage in Balkan countries

Man dies in tragic incident on Milan airport runway

Voices: As the world gets more dangerous – the UK has to build peace through aid as it prepares for war

Who is Brigitte Macron? The wife of French President Emmanuel Macron’s wife to join him on state visit

Resisterville: 50,000 evaders fled the U.S. across the northern border and changed Canada

‘Person killed on runway’ grounds flights at major European airport

Will we know if the next plague is human-made?

How the GOP beat Democrats to a child care win

Philippines summons China's ambassador after Beijing sanctions critical former senator

Trump live: President admits Aug 1 tariff deadline could be extended again after demanding deals from allies

Putin will attack Nato country to keep Europe distracted while Xi invades Taiwan, warns Rutte

Trump compares himself to Truman after Iran attack

Suspect in shooting of Slovakia’s PM appears in court on terror charges

UK sanctions Russian weapons bosses for role in Ukraine war

Tragic picture shows entire cabin of Camp Mystic girls and counsellors swept away in Texas floods - as death toll rises to over 100

Donald Trump says US will send more weapons to Ukraine after Putin rejects peace talks

Norman Tebbit, former Tory cabinet minister under Thatcher, dies aged 94

The expert guide to creatine, the supplement said to make you smarter and stronger

Britain is already a prime target for Russia and China – and we are not ready

I’ve seen how we’d respond to a nuclear attack on British soil – it’s devastating

I’ve been a war correspondent for decades – I’m more worried than ever about our safety

Musk's America Party has helpers — and challenges

Managers were already disappearing. Enter AI.

Bill would force ICE agents to ID themselves, ban them from wearing masks

Elon Musk's Trump fallout poses deepening risks to Tesla, SpaceX

Scoop: Senate Republican super PAC smashes fundraising record