Labour’s 2025 Budget confirms a massive increase in ‘shadow debt’ that will lock in sky-high energy prices for 40 years and devastate British businesses

Leading Economist Bob Lyddon argues that Labour’s November 2025 Budget exposes a reckless reliance on vast amounts of hidden “shadow debt” to bankroll its Net Zero agenda, while cynically keeping the damage off the official balance sheet. Behind the accounting tricks lies a £1.64 trillion spending programme that will be paid for not by the … Continue reading Labour’s 2025 Budget confirms a massive increase in ‘shadow debt’ that will lock in sky-high energy prices for 40 years and devastate British businesses