OECD Government Debt Carries a $2T Annual Interest Bill
At this scale, interest expense competes with public spending and makes sovereign refinancing more sensitive to higher yields.
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At this scale, interest expense competes with public spending and makes sovereign refinancing more sensitive to higher yields.
The £1.38B is just the declared baseline. HMRC's real visibility arrives in 2027 when CARF platform-side reporting flows in and starts cross-checking Self Assessment returns.
A 22% rate kicking in Jan. 1, 2027 on gains above ~$1,740 will decide whether Korean retail stays onshore or migrates to offshore venues; the political fight moves to a subcommittee this week.