Sunday, Jan 25, 2009
Worth a read but not very accurate.
Guardian: Q&A: How much does Britain actually owe?
A few things missed of the debt pile is PFI and Public Sector Pensions.
Posted by who stole my pension? @ 07:47 AM (511 views) Add Comment
3 Comments
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1. troy said...
BBC have just run a piece re a leak to tories that PFI is under threat (no lending) and there is no plan B
2. troy said...
enui covered it last night below
3. Tenyearstogetmymoneyback said...
The biggest inaccuracy is that ask "How much does Britain actually owe" and then talk just about Government debt.
The statement "A number of other major economies had higher levels of borrowing: Japan's debt was worth 85.9% of its GDP"
might be true but from what I keep reading the Japanese public have large savings.
Its one thing to owe your own people some money but to owe it to other countries is far more of a problem.
:- Duncan
p.s. I have just looked on Wikipedia and they confirm that the term "National Debt" refers to Government borrowing.
Is their a term for Countrywide debt which includes the mortgages HSBC customers have taken out which are probably now
owed to China ?