The stock of government debt has grown consistently over the last 25 years, and is not forecast to fall substantively over the next five. Debt has risen in other countries too, but the increase in the UK has been bigger than most. Since the start of the century, the UK has gone from having the 21st-largest debt among advanced economies – below the average – to having the 5th-largest. Much elevated debt, combined with higher government borrowing costs, has pushed up debt interest spending […]