Our national debt now stands at 232bn. Why aren't we paying it off?

"Having survived them all, we could be blasé about the threats posed by the war in the Middle East. But maybe this is the one that gets us."

The global economy has weathered multiple significant crises including the Covid-19 pandemic, inflation spikes following Russia's invasion of Ukraine, supply chain disruptions like the Suez Canal blockade, and trade tensions from tariffs. Despite surviving these challenges, complacency about emerging threats may be dangerous. With debt-servicing costs rising, the current geopolitical tensions in the Middle East could represent a breaking point that the economy cannot absorb. The accumulation of these stressors suggests that proactive financial measures and policy interventions are necessary now rather than waiting for the next crisis to unfold.

Read at Independent