UK - The UK is hurtling towards a "cataclysmic collapse" which could be "worse than 2008", a think tank has warned. The Bow Group, the world’s oldest conservative think tank, has now warned a crash worse than that suffered in the early 2000s could be around the corner. Chairman Ben Harris-Quinney said the Government cannot escape blame for this and, instead, lies at the centre of the problem. He told Express.co.uk: “The Bow Group has long warned that the Government has been ignoring a very simple economic truth – that you cannot bring, borrow and spend to excess without eventually facing dire economic consequences. “Since the Conservatives came in in 2010 they have tripled the national debt, their policies have been the opposite of fiscal conservatism and responsible economic management. “The cost of merely paying the interest on the debt is now one of the largest areas of government expenditure.”