The risks of Britain’s “awesome” risks are warning the risks for public finance, OBR

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The UK, the debt burden on the ship, the debt burden on the ship, faces “awesome” risks because the ability to respond to future shocks.

The office for budget liability is in the sustainability for the continuation of Tuesday, financial risks and sustainability Uk Only “limited and temporary” successfully met in recent years in a more sustainable financial foot.

Since the early 1960s, the public debt is at the highest level and has been determined to increase, and after the issue, “considerable difficulty” has been less economic growth and growing interest rates, the growing interest rates of OBR.

“This is a more difficult domestic and global background, the scale of risk and series of risks to the financial worldview of the UK,” he said. “The result was an important erosion of the capacity to respond to the growing pressure on future shocks and public finances.”

In the report, the Chancellor Rachel Reeves, pressure in the fall budget, puts pressure to increase taxes to further deterioration of state financial health.

The threat of welfare reforms combined with strains in the economy of England and the threat of productivity from OBR may strengthen costs of more than £ 20 billion.

In his report, OBR, England now has the highest deficiency of the sixth highest debt, the fifth largest deficiency and the third highest debt costs between 36 advanced economics.

The report also stressed the continuity of public and private pensions, as well as additional pressure on climate damage and the expenditures of the net zero passage.

The rise of developed economies in the UK and other developed economies, creates wider pressure in global sovereign debt markets, OBR.

He noted that the debt costs have increased, as long-term elegant products have already been higher in England since the beginning of the century.

The Treasury, which responds to the report, “We recognize the OBR’s long-term economic realities.

“Therefore, we are committed to ensuring stability in the economy, which allows us to invest more and invest more in us and invest more.”