UK economist explains Britain’s debt crisis

Is Britain really a "bankrupt country"? President Trump certainly thinks so. But while the UK's national debt has climbed to nearly 95% of GDP, America's debt burden is actually even higher. So is Trump exposing an uncomfortable truth, or simply making a political point? Economic historian Stephen Davies joins Nexus Presenter Matthew Moore to examine Britain's soaring national debt, why interest payments now cost almost twice as much as defence spending, what caused the debt to spiral after the financial crisis, Covid and the energy shock, and whether successive governments have failed to deliver economic growth despite decades of borrowing. They also discuss whether Britain is still economically sovereign, the power of the bond markets, and what unlocking North Sea oil could mean for the country's finances. To see why this conversation matters, watch the full Nexus episode here:    • UK Millionaires row over Wealth Tax   Nextra is Nexus' digital-only vodcast extension, offering deeper dives into the ideas and issues featured on the programme. Subscribe for direct, irreverent current affairs from Nexus and TRT World. #UKDebt #Britain #Trump #DonaldTrump #Economics #NationalDebt #DebtCrisis #PublicDebt #GDP #InterestRates #NorthSeaOil #BondMarkets #UKPolitics #CurrentAffairs #StephenDavies