‘As the UK spirals under debt, high taxes, and net-zero delusions, Canada risks the same fate under Carney’s leadership — unless it changes course on spending, energy, and trade.’
The UK finds itself in serious economic trouble. The cost of its debt is approaching unmanageable levels. It faces high taxes after recent increases, a shrinking economy, declining job growth, and rising unemployment. The UK’s Office for Budget Responsibility (OBR) reports that debt is predicted to reach 270% of GDP by 2070 (“Fiscal Risks and Sustainability Report — July 2025”.) The EU’s Stability and Growth Pact recommends a debt-to-GDP ratio of 60%. The UK’s current ratio is around 100%, with annual interest payments projected at £105.2 billion.
