ECO SOC BE Bean UK debt dynamics threaten a slow-burning fiscal crisis Interest payments on public debt reached £130 billion last year, equivalent to the entire defence budget multiplied by three.
SOC ECO LIF BE Bean Britain's fiscal crisis is a story of low growth, not just high spending Productivity has grown just 0.4% a year since 2007, leaving the state's expansive welfare commitments on an unsustainable footing.