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IFS Zooms In: The Economy

Should we worry about government debt?

Season 5, Ep. 6

We often hear about government debt in the headlines. Currently the UK government owes around £2.65 trillion, nearly 100% of UK GDP - the value of all the goods and services produced in the UK in a year.

How has the debt level grown? Should we aspire to reduce the debt? And do we need to worry about high debt to GDP ratios?

Joining us today to answer all these questions and more, is David Miles, Professor of Financial Economics at Imperial College Business School, a member of the OBR Budget Responsibility Committee and former member of the Monetary Policy Committee at the Bank of England.

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