Britain's debt crisis: can you solve it?

Подробнее о видео

As Rachel Reeves unveils her spending plans for the next three years, her hopes for the economy are already in tatters.

The Chancellor is spending more than one hundred billion pounds every year just to pay the interest on Britain’s gigantic national debt.

From the u-turn on winter fuel payments to a review of the two-child limit on benefits, the public purse is under growing strain.

All the while the economy is struggling. That means too little money is coming in to pay for Labour’s wish list.

The Chancellor hoped she had fixed the problem in her first budget last October.
But instead her record-breaking tax raids hammered confidence in the economy. That means slower growth and too little money coming into the Treasury.

That threatens a doop loop of ever-higher taxes and lower growth. Even worse, global investors are getting nervous about funding Britain’s vast debts.

So far, so bad.

But could you do any better? If you wish she had raised income tax to fund the NHS, or scrapped the pension triple lock to avoid taxing workers - try the Telegraph’s new budget tool.

Choose your own policies, and see if you can save Britain from its financial black hole. Do you ramp up taxes and spending like the Chancellor? Or can you find enough spending cuts to balance the books?

#politics #debt #uk