UK Faces Fiscal Crunch as Debt Burdens Mount and Economic Headwinds Build
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Britain's debt levels have risen sharply since 2000, limiting fiscal options and raising spending demands.
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Healthcare and pensions are projected to require significant spending increases in the coming years.
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Tax rates are already high, limiting revenue raising options.
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Interest costs are rising, while economic growth is slowing, straining debt dynamics.
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Without fiscal adjustments, debt trajectories risk becoming unsustainable, potentially leading to an IMF bailout like in the 1970s.