UK OBR long-term fiscal risk/sustainability report: "...almost all our scenarios show public debt eventually moving onto an unsustainable path. Debt moves onto a steep upward trajectory in the 2040s in our baseline scenario,..."
- (cont) "... while in plausible alternative scenarios this happens earlier."
- "It’s almost certain that future governments would have to take action to prevent this from happening. Acting early would reduce risk and would likely require a less costly fiscal adjustment than waiting."
- "Based on these assumptions, primary (non-interest) spending is projected to rise from 40 per cent of GDP in 2030-31 to 49 per cent by 2075-76 in our baseline scenario"
- "...our 2025 FRS analysis suggested that foreign investors absorbing more gilt demand, as the UK defined benefit pension system winds down, may make gilt yields more sensitive to issuance, rather than less"
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