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Paola Subacchi
Chair in sovereign debt and finance at Sciences Po and partner at an economic consultancy, offering expert perspective on sovereign debt sustainability and the distinction between productive and reckless borrowing.
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Nov 26, 2025
• 26min
What does the UK budget show us about global debt challenges?
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David Aikman, Director at NIESR, and Paola Subacchi, Chair in sovereign debt at Sciences Po, discuss the UK budget's implications on global debt challenges. Aikman places the UK’s rising debt within a G7 context, emphasizing shifting fiscal priorities amidst higher interest rates. Subacchi contrasts productive borrowing with reckless spending, calling for policy reforms. They also explore how the post-Covid landscape complicates debt management for advanced economies, revealing the complex interplay between fiscal decisions and economic stability.
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