Have we reached a tipping point on public debt?
An intolerable burden is being placed on future generations that will result in financial crises and political instability
An intolerable burden is being placed on future generations that will result in financial crises and political instability

Rising public debt is one concern — another is how it is being financed

Combination of record government debt and rising borrowing costs puts central banks under pressure

The sector remains untested in a severe or prolonged economic downturn

Despite dire OBR warnings, changes to how projections are calculated can correct misplaced fear of unsustainable levels

The British state in particular is unreformable without pressure from the bond markets

Political pressure in response to public anxiety will demand policy responses