Abstra616

Interest rate on National Debt?

9 posts in this topic

At what rate does our Government borrow money to cover the external debt?

We currently pay 6% of our National expenditure in interest on an official £1.8 Trillion debt, about the same as the Defence budget.

We seem to increase our debt with another £100 Billion annually a rate of about 5%.

I'm wanting to quantify things in a relative style.

Thankyou

Share this post


Link to post
Share on other sites
59 minutes ago, Abstra616 said:

At what rate does our Government borrow money to cover the external debt?

We currently pay 6% of our National expenditure in interest on an official £1.8 Trillion debt, about the same as the Defence budget.

We seem to increase our debt with another £100 Billion annually a rate of about 5%.

I'm wanting to quantify things in a relative style.

Thankyou

I wonder who want to buy UK gilts these days 😉

Share this post


Link to post
Share on other sites
37 minutes ago, AnneD said:

I believe  mark carney was spotted at the White House yesterday.   Janet Yellens job in 2018 perhaps.

in all likelihood that will be stan fischer., but they are both ex goldman sachs alumni,same as draghi etc.

Share this post


Link to post
Share on other sites

Most likely they'll all be meeting up, preparing for and then heading to the next bildberg meeting to be held in the US on 1-4 June.

Apt timing considering the 8 June general election. 

Edited by billybong

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.