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Story summary
- The Centre for Policy Studies warns the UK faces a fiscal crisis without spending cuts.
- Shadow Chancellor Mel Stride calls for urgent action to restore economic confidence.
- GDP per capita growth stagnates, and productivity remains at one-third of pre-2008 levels.
- The tax burden may reach a post-war high of 37.5% of GDP, with public debt exceeding 100% this decade.
- Dr. Gerard Lyons recommends economic restructuring and supply-side reforms to address rising concerns over borrowing costs and stability.
