Peter McCormack: Borrowing £11 billion for interest is unsustainable

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Debt interest borrowing called unsustainable

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21.10.2026

Peter McCormack: Borrowing £11 billion for interest is unsustainable — Debt interest borrowing called unsustainable

Peter McCormack, chairman of Real Bedford FC and host of the What Bitcoin Did Podcast, described the decision to borrow £11 billion for debt interest as a path toward bankruptcy and as depriving future generations.

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McCormack has previously commented on tax policy, stating that a 45% capital gains tax could prompt retirees to relocate abroad in a recent analysis. In an earlier reference, he recalled a debate with Richard Heart about the cryptocurrency HEX in another discussion. These remarks build on his track record of engaging with economic and financial issues.

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