UK government interest payments on the national debt has reached the highest level in two decades. The increase in government debt and the amount spent on servicing it is raising concerns about the potential diversion of funds from critical public services and infrastructure projects. Experts tell LinkedIn News UK that higher debt can slow growth by driving up interest rates and weakening lending. They recommend balancing investment against interest obligations and selling assets rather than cutting public spending. However, others like author and investment professional Richard Vague argue that debt can be managed strategically to boost growth and that it does not always reduce household wealth.
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