Britain faces £850bn interest bill as towering debt drives up taxes and hurts public services
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Britain will spend over 850 billion pounds on interest payments over the next six years. This cost stems from the country's high levels of debt. The interest bill is expected to lead to higher taxes. These financial pressures are also harming public services.
Taxpayers will stump up more than £850billion in just six years to pay the interest on Britain's towering debt pile.