Sunak warns of ‘unaffordable’ national debt as borrowing is set to double

Sunak warns of ‘unaffordable’ national debt as borrowing is set to double

Chancellor of the Exchequer Rishi Sunak has warned that Britain’s national debt could become unaffordable if there is a sudden rise in interest rates. Britain has already borrowed billions to keep the economy going during the pandemic crisis. We are set to borrow £370 billion this year which is more than double the £158 billion …