Pressure is mounting on the UK over its debts at the worst possible time, with the national debt interest bill hitting £8.8 billion in August alone.
As Andy Burnham and John Healey desperately try to pull together their first Budget, the terrifying reality is that Britain is now spending £327 million a day just on debt interest.
Ahead of the crucial October 28 Budget, This is Money’s Simon Lambert explains in the video above why the government is facing an impossible financial nightmare, and the three toxic choices they are now forced to make with your money.
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