The IFS forecasts spending on debt interest to rise to more than 4% in 2022-23 and remaining above 2% after a drop-off

Spending on debt interest, % of national

income

5% of national income

IFS-Citi October 2022

Out-turn

4

3

2

1

OBR March 2022

0

1980-81

1990-91

2000-01

2010-11

2020-21

Spending on debt interest, % of national income

5% of national income

IFS-Citi October 2022

Out-turn

4

3

2

1

OBR March 2022

0

1980-81

1985-86

1990-91

1995-96

2000-01

2005-06

2010-11

2015-16

2020-21

2026-27

Guardian graphic. Source: IFS analysis of data from Office for Budget Responsibility, Public Finances Databank, Office for National Statistics, ‘Public sector finances, UK: August 2022’.