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There has been a lot of talk of a budget blackhole of £20bn - £30bn, but the real hole in UK finances is much greater, unfunded liabilities of pensions, crumbling buildings, infrastructure backlogs, PFI commitments, housing crisis, social care. And all this occuring against a backdrop of lower growth and rising inactivity. How big is the hidden blackhole 0:00 Intro 1:25 Bankrupt Councils 3:20 Ageing Society 6:30 Public Sector Pensions 8:37 Privatisation 9:12 Contingent Liabilities 9:41 Energy 10:54 Forecasts worse 11:51 Who will buy debt? 13:11 Economic slowdown ► Please SUBSCRIBE! https://www.youtube.com/c/economicshelp1?sub_confirmation=1 Sources https://www.instituteforgovernment.org.uk/comment/prisons-emergency-measures https://news.sky.com/story/how-many-prisoners-are-released-by-mistake-here-are-the-stats-as-search-for-migrant-sex-offender-continues-13457029 https://committees.parliament.uk/committee/102/justice-committee/news/210443/dire-prison-conditions-putting-rehabilitation-and-reoffending-reduction-at-risk-justice-committee-warns/ https://obr.uk/forecasts-in-depth/tax-by-tax-spend-by-spend/public-service-pension-payments-net/ https://www.telegraph.co.uk/money/pensions/news/britains-public-sector-pension-albatross-6trillion/ https://www.kingsfund.org.uk/insight-and-analysis/blogs/unhealthy-end-looms-private-finance-initiative https://obr.uk/forecasts-in-depth/tax-by-tax-spend-by-spend/public-service-pension-payments-net/ https://obr.uk/frs/fiscal-risks-and-sustainability-july-2025/ https://www.thetimes.com/article/206eaf45-fcc6-4b46-b08d-81f857a30d72?shareToken=3ca2106b47667e9e02e93694c495da3f ABOUT ----------- ► https://www.economicshelp.org was founded in 2006 by Tejvan Pettinger, who studied PPE at Oxford University and teaches economics. He has published several economics books, including: ► Economic Short Cuts https://amzn.to/3IgxupC ► 50 Essential Economic Ideas https://amzn.to/3IgxndG ► Cracking Economics. https://www.economicshelp.org/shop/cracking-economics/ ► What Would Keynes Do? Amazon https://amzn.to/2xShqq4 ► Economics Without the Boring Bits https://amzn.to/48T1hA9