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The UK's 2.8 trillion pound debt: Explained | The Story

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January 22, 2025

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How did the UK end up in so much debt? Where are your taxes going? What on earth is a gilt? Everything you need to know, on The Story ⬇️

Rachel Reeves travels to the World Economic Forum today to shore up support among CEOs and world leaders in Davos. The chancellor hopes to boost investment amidst volatile bond markets, borrowing costs hitting a 27-year high, and the prospect of Trump tariffs. But is the government heading for a Liz Truss-style crash?

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Guest: Dominic O’Connell, Columnist, The Times, and Business Presenter, Times Radio.

Host: Manveen Rana.

Clips: GB News, Sky News, NBC News, UK Parliament, BBC News.

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The UK's 2.8 trillion pound debtThe StoryRachel ReevesWorld Economic ForumDavos TheLiz Truss-styleThe TimesThe Sunday Times Subscribe

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The UK's 2.8 trillion pound debt: Explained | The Story · The Trump Report · Sentinel