Millennials ‘should fear debt as much as climate change’

Young people should be as concerned about surging public debt as climate change, a top economist has warned amid growing fears the country’s borrowing levels could overtake Japan. Britain’s £2 trillion debt millstone poses a long-term threat to prosperity which bears comparison to global warming, according to Philip Booth of the Institute of Economic Affairs. National debt smashed through 100pc of GDP in July. Mr Booth, who is due to appear before the Treasury select committee