DOOM: 99.5%

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SueEllen replied

24 January 2023, 20:15
Wasn't the Tories only job is to leave the country's debt in decent shape whilst depleting public services?
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Fraidycat replied

24 January 2023, 19:55
UK national debt is only a bit more than the total market cap of Apple.

So not really that much.

Last edited by Fraidycat; 24 January 2023, 20:00.
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marshall mathers replied

24 January 2023, 17:25
That is DOOM!
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AtW started a topic DOOM: 99.5%

24 January 2023, 17:07
DOOM: 99.5%

“Government debt hits 99.5pc of GDP

UK debt ratio reaches highest level since 1963 as borrowing exceeds forecast

Energy bill support schemes and soaring debt interest payments pushed up public borrowing to its highest ever December level, official figures show.

This helped to push up the UK's debt share to almost the annual size of the economy, which stood at 99.5pc of gross domestic product (GDP) - the highest share since the 1960s.

The Government borrowed a record £27.4bn in December 2022 to plug the gap between tax receipts and public spending, according to the Office for National Statistics (ONS).

This is £9.8bn more than forecast by the Office for Budget Responsibility (OBR), the government's spending watchdog, and the highest December borrowing since records began in 1993.
“

https://www.telegraph.co.uk/business...its-995pc-gdp/
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