The OBR revised up its public debt forecast in 2075 from 270 per cent as a share of GDP to 300 per cent due to higher pension spending.

The OBR revised up its public debt forecast in 2075 from 270 per cent as a share of GDP to 300 per cent due to higher pension spending.

Forecaster says curtailing rising costs such as health and pensions ‘are today’s challenge, not just tomorrow’s’