Five charts to start your day

1. The UK is set to run up highest debt interest bill in developed world

• The Treasury will spend £110bn on debt interest in 2023, according to a forecast by rating agencyFitch.

• Roughly a quarter of UK government debt is in the form of so-called index-linked bonds, whose payouts fluctuate in line with inflation, making the country a huge outlier internationally.

• Debt interest costs as a proportion of revenue are a key measure of debt affordability and have jumped in the UK in the past couple of years.

Source: The Financial Times, https://www.ft.com/content/b25903fd-2ebe-4f65-aa20-c21d873946f3