{"type":"rich","version":"1.0","title":"Susie wrote","author_name":"Susie (npub1hw…503sg)","author_url":"https://nostr.now/npub1hwgw0uznr49t4gullpgfz4m5xnakl5a0l88m3k382xv7ys0tfmlsd503sg","provider_name":"njump","provider_url":"https://nostr.now","html":"Britain’s debt problem just got worse.\n\nRight now:\n- 6%+ on 30 year gilts, highest since 1998\n\nBy 2027/28:\n- £117 billion debt interest\n- £96.5 billion new borrowing\n\nOver 5 years: \n- £682 billion interest\n- £58 billion above OBR’s March forecast\n\nBritain is now forecast to spend more on debt interest than it will borrow that year.\n\nAfter all of that, Britain still owes nearly £3 trillion.\n\nhttps://uknationaldebt.com/\n\nThe Budget is on 28 October and the choices are brutal:\n\n- Tax more and risk capital leaving\n- Borrow more and pay more interest\n- Dramatically cut spending*\n- Debase the currency (although they won't call it that)\n\n* Even savage spending cuts will barely make a dent.\n\nSource: This is Money / Capital Economics / OBR\n\nhttps://www.thisismoney.co.uk/money/markets/article-16180359/Alarm-Healey-set-spend-loan-repayments-borrowing-latest-Budget-blow.html\nnostr:nevent1qqsztt30qcdkxuq00sq78j6crrnwpvd0nwewtme3a4y3s925udx98rg34d24j"}