Britain's national debt rises above £1 trillion to hit a 19-year high

[AtW]

Going by a few threads in recent weeks, there are some on here who do not understand that you can have a rising debt and a decreasing deficit at the same time, I was hoping you weren't one of them.

Nope, but the Govt makes it sound as if they are going to be reducing debts rather than hoping there will be no deficit soon

[BrilloPad]

Nope, but the Govt makes it sound as if they are going to be reducing debts rather than hoping there will be no deficit soon

Isn't that their job? To tell us everything is fine.

[lilelvis2000]

Without growth - we can all forget about debt reduction. Unless we start really cutting back services.

Having both negligable growth and high taxation is a double whammy. And the latter will kill the former.

[Doggy Styles]

Nope, but the Govt makes it sound as if they are going to be reducing debts rather than hoping there will be no deficit soon

'A Treasury spokesman said: “Today’s data shows that the forecast for 2011-12 is on track, with public borrowing down by £11 billion compared to the previous year. This shows that the Government’s plan to reduce the budget deficit is working.”'

True, you could misinterpret that to mean public debt down rather than new public borrowing. But to do so you'd have to have not understood the rest of the article.