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Dewbs & Co | Tuesday 21st July

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12,738 views240likes56:20GBNewsOnlineOriginal Release: 2026-07-21

The UK government faces a severe cost of living crisis with national debt approaching £3 trillion, where £110 billion annually goes to debt interest—twice the defense budget and more than education spending. This debt burden means 80% of monthly borrowing goes to interest payments, potentially driving the economy off a cliff edge. The new government's VAT cut on electricity bills is a small measure that won't significantly help, and critics argue that without addressing welfare spending and immigration, the cost of living crisis will continue. The government's lack of democratic mandate and ideological approach to economic policy raises concerns about its ability to effectively tackle these challenges.