The UK government’s new investment and net zero plans could add over £6.7 trillion in hidden debt — 230% of the UK economy. In this episode, Jasmine Birtles speaks with banking consultant Bob Lyddon, whose research for the Institute for Research into Economic and Fiscal Issues exposes how the government is quietly funding £1.6 trillion in projects through shadow borrowing, leveraged finance, and foreign lenders like China and BlackRock. They reveal how these debts won’t appear in official statistics, how repayments are buried in energy bills and taxes, and how Labour’s green spending plans could tie the UK into 30 years of financial dependency and rising costs.

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