Rachel Reeves our new chancellor for the Liebore government. She claimed that the state of the finances are worse than Liebore left in 2010

Both parties chancellors of the last 30 years have contributed to the fiscal debt.

If the government was more frugal in their spending then perhaps the UK would not be living on a serious overdraft.

Overdrafts are useful for contingencies but are not the answer for those wanting to live the high life without the high debt consequences.

I said before, and the economists are saying the same, this is all about Reeves bringing up the situation getting ready to justify the planned tax grabs. Lets face it, if the situation was so bad why is Starmer wasting our money sending it to other countries and sending more aid to Gaza and Ukraine, plus planning on giving full benefits to 100k illegal immigrants. I accept the national debt is high but the economy is on the up meaning the government should be able to reduce the debt gradually. Unfortunately, with Reeves and Starmer's spending plans it WILL go the other way.

This is all about grabbing more taxes to finance Starmer's plans, and those plans are mainly for the benefit of immigrants, not true Brits.