{"id":1158,"date":"2021-05-05T16:45:00","date_gmt":"2021-05-05T16:45:00","guid":{"rendered":"https:\/\/talenthawk.eu.applyflow.com\/uncategorized\/news-britain-is-sitting-on-a-mountain-of-debt-but-there-is-a-way-to-climb-down-41828\/"},"modified":"2025-11-06T12:52:12","modified_gmt":"2025-11-06T12:52:12","slug":"news-britain-is-sitting-on-a-mountain-of-debt-but-there-is-a-way-to-climb-down-41828","status":"publish","type":"post","link":"https:\/\/www.talenthawk.com\/news\/news-britain-is-sitting-on-a-mountain-of-debt-but-there-is-a-way-to-climb-down-41828\/","title":{"rendered":"Britain is sitting on a mountain of debt &#8211; but there is a way to climb down"},"content":{"rendered":"<div>The UK\u2019s public finances \u2013 a source of perennial debate amongst politicians, think tanks, economists and investors \u2013 are in focus like never before. Covid-19 has ushered in a period of unprecedented public spending, funded in the main by large amounts of debt.<\/div>\n<div><\/div>\n<div>Government borrowing \u2013 money it needs to borrow to pay for spending obligations which are not covered by tax receipts \u2013 was reported last week as hitting \u00a3303.1bn in the year to March. That figure is nearly \u00a3205bn higher than the previous year. Borrowing hit \u00a328bn in March alone, a record monthly high. Often likened to a mountain, the UK\u2019s debt monolith is viewed by some as a terrifying and unnavigable edifice. A Mount Doom, glowering ominously, portending calamity<\/div>\n<div><\/div>\n<div>Full article &#8211;\u00a0<a href=\"https:\/\/www.cityam.com\/britain-is-sitting-on-a-mountain-of-debt-but-there-is-a-way-to-climb-down\/\">https:\/\/www.cityam.com\/britain-is-sitting-on-a-mountain-of-debt-but-there-is-a-way-to-climb-down\/<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The UK\u2019s public finances \u2013 a source of perennial debate amongst politicians, think tanks, economists and investors \u2013 are in focus like never before. Covid-19 has ushered in a period of unprecedented public spending, funded in the main by large amounts of debt. Government borrowing \u2013 money it needs to borrow to pay for spending&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1717,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","footnotes":""},"categories":[38],"tags":[],"class_list":["post-1158","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.talenthawk.com\/af-api\/wp\/v2\/posts\/1158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.talenthawk.com\/af-api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.talenthawk.com\/af-api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.talenthawk.com\/af-api\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.talenthawk.com\/af-api\/wp\/v2\/comments?post=1158"}],"version-history":[{"count":1,"href":"https:\/\/www.talenthawk.com\/af-api\/wp\/v2\/posts\/1158\/revisions"}],"predecessor-version":[{"id":1260,"href":"https:\/\/www.talenthawk.com\/af-api\/wp\/v2\/posts\/1158\/revisions\/1260"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.talenthawk.com\/af-api\/wp\/v2\/media\/1717"}],"wp:attachment":[{"href":"https:\/\/www.talenthawk.com\/af-api\/wp\/v2\/media?parent=1158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.talenthawk.com\/af-api\/wp\/v2\/categories?post=1158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.talenthawk.com\/af-api\/wp\/v2\/tags?post=1158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}