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Britain’s high borrowing costs and low fertility rate could trap us in a debt doom loop
There is a foreboding sense that this winter could be a dark one when it comes to UK debt. Cracks are appearing. Three years ago, the UK sat in the middle of the G7 range when it came to borrowing costs: Japan, Germany and France paid less, the US, Canada and Italy more. Today, Britain pays most. Debt interest was around £40bn a year in the 2010s. [...]