Reform UK leader Nigel Farage warned that Britain’s national debt is rising at an “extraordinary” pace and accused both the Conservative and Labour parties of avoiding the issue. Speaking in the City of London on Monday (3 November), he said the country’s finances were “worse than any comparable Western economy.”
• Farage said UK debt has more than doubled over the past 14 years.
• The Office for Budget Responsibility (OBR) now forecasts borrowing of £130 billion, up from £77 billion.
• Debt repayments exceed £100 billion annually, surpassing the defence budget.
• He warned markets could soon force the Chancellor into austerity.
Farage reiterated his “prediction that there will be a general election caused by economic collapse that will happen in 2027,” calling it a consequence of sustained mismanagement and deindustrialisation across key sectors.
Source: The Independent
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