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The Uk National Debt


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The UK National Debt is widely acknowledged to be £5 thousand billion. [£5 Trillion]

However, many economists now believe that the government has used too high a discount rate for unfunded public sector pension liabilities – 5.5% compared to 3-4% in some other countries.

This means that when those UK public sector pensions become due, the unforseen liability could be as much as an extra £1 trillion pounds.

Total = £6 Trillion

We hear these sums bandied about in the media, but not all of us have a background in Economics.

1.] Believe it or not, this little pile is £1 million (100 packets of £10,000). You could stuff that into a grocery bag and walk around with it.

pile.jpg

2.] As we can see in the picture below, £100 million is a little more respectable. It fits neatly onto a standard pallet.

pallet.jpg

3.] Below, we can see what the staggering sum of £1 Billion looks like. [At the end of 1990, The UK national Debt was around £180 Billion.]

pallet_x_10.jpg

4.] Finally. Below are 6 images, showing the total UK national Debt of £6 Trillion. [Each Picture is an image of one Trillion Pounds.]

pallet_x_10000.jpg

pallet_x_10000.jpg

pallet_x_10000.jpg

pallet_x_10000.jpg

pallet_x_10000.jpg

pallet_x_10000.jpg

Yep that's now much we owe.

Bugger. :blink:

Any other posters wishing to put this figure into [an interesting imaginative pictorial] perspective, please feel free.

Edited by Dan1
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And it could all be loaded onto a convoy of 50ish wagons within a day by just a few men a PPT and forklift, straight off the printing press.

And burnt in a few minutes.

The paper equivalent of the value of our 24 million UK homes.

Paperpricecrash.co.uk

Even in Weimar you could heat a home with your wheelbarrow full, over here we have hardly enough to wipe our arses, for the time being at least.

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Hinde Capital says with unfunded liabilities that its £10 Trillion, thats £170,000 for every man woman and child.

http://www.hindecapital.com/docs/hil_reports/Debt_No%20Jubilee7.pdf

So how does £170k compare to the lifetime tax payments of an average worker - must be a big chunk of it?! And that's before his bins have been emptied/schools heated etc. :huh:

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So how does £170k compare to the lifetime tax payments of an average worker - must be a big chunk of it?! And that's before his bins have been emptied/schools heated etc. :huh:

Dunno at a rough guess.

26K average (which is BS as it is more like 16K) of which you pay:

£3920 income tax

£2389.5 NIC EEs

£2592 EERs

Lets say £1200 council tax

£2000 petrol tax and other taxes

£3000 VAT

£15101.5 take you a decade to pay that debt back with Zero services provided.

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The UK National Debt is widely acknowledged to be £5 thousand billion. [£5 Trillion]

However, many economists now believe that the government has used too high a discount rate for unfunded public sector pension liabilities – 5.5% compared to 3-4% in some other countries.

This means that when those UK public sector pensions become due, the unforseen liability could be as much as an extra £1 trillion pounds.

Total = £6 Trillion

We hear these sums bandied about in the media, but not all of us have a background in Economics.

1.] Believe it or not, this little pile is £1 million (100 packets of £10,000). You could stuff that into a grocery bag and walk around with it.

pile.jpg

2.] As we can see in the picture below, £100 million is a little more respectable. It fits neatly onto a standard pallet.

pallet.jpg

3.] Below, we can see what the staggering sum of £1 Billion looks like. [At the end of 1990, The UK national Debt was around £180 Billion.]

pallet_x_10.jpg

4.] Finally. Below are 6 images, showing the total UK national Debt of £6 Trillion. [Each Picture is an image of one Trillion Pounds.]

pallet_x_10000.jpg

pallet_x_10000.jpg

pallet_x_10000.jpg

pallet_x_10000.jpg

pallet_x_10000.jpg

pallet_x_10000.jpg

Yep that's now much we owe.

Bugger. :blink:

Any other posters wishing to put this figure into [an interesting imaginative pictorial] perspective, please feel free.

And here is the digital representation of that figure:

6,000,000,000,000

Now, isn't that much more convenient to deal with. In fact, we could up the debt to 6 quadrillion and it would hardly take anymore space:

6,000,000,000,000,000

So, what are you getting all het up about. :rolleyes::lol::unsure:

:(

:angry:

:ph34r:

Edited by Tiger Woods?
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Perhaps my maths is out... but I reckon that at 14cm to a tenner, then laid end to end:

£1bn = 140,000km ... the moon is around 384,400km away from the earth.

£1tn = 140,000,000km ... the sun is only 149,597,888km away from the earth.

£10tn = 1,400,000,000km ... saturn is only 1,321,416,800km from earth.

Mistakes in maths mine, mistakes in distances on the internets... :)

... for anyone that did check I think my maths is indeed shite... this works better if we assume we are using £1 notes and they are the same size as a tenner :)

Edited by RichB
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I read that total UK taxpayers liabilities are about £8 trillion so using £100 notes that would just about fill Wembley Stadium to the brim - and apparently it's near enough as much as all the UK's assets are worth including oil, housing etc.

Of course using more everyday notes such as say £20 notes would fill the equivalent of FIVE Wembley Stadiums upto the brim.

Edited by billybong
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Dumb question maybe, but...who do the UK, US, piigs, et al owe all this money to? Is it just bondholders? If the whole world is bankrupt, as seems to be the case, then somewhere there must be someone who is owed a great deal!!

Mostly it's owed to pension funds.

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Correct but it may continue to be serviced which is nearly as bad, and the whole ponzi scheme continues

For as long as interest rates stay low and creditor nations are willing to take currency risk by lending to debtor nations to recycle their surpluses, you are correct.

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Correct but it may continue to be serviced which is nearly as bad, and the whole ponzi scheme continues

The debt cannot be repaid, it can't be stopped from growing let alone be reduced, we cant even service the debt as it is

If something is unsustainable then it will end

in tears

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The UK National Debt is widely acknowledged to be £5 thousand billion. [£5 Trillion]

However, many economists now believe that the government has used too high a discount rate for unfunded public sector pension liabilities – 5.5% compared to 3-4% in some other countries.

This means that when those UK public sector pensions become due, the unforseen liability could be as much as an extra £1 trillion pounds.

Total = £6 Trillion

We hear these sums bandied about in the media, but not all of us have a background in Economics.

1.] Believe it or not, this little pile is £1 million (100 packets of £10,000). You could stuff that into a grocery bag and walk around with it.

pile.jpg

2.] As we can see in the picture below, £100 million is a little more respectable. It fits neatly onto a standard pallet.

pallet.jpg

3.] Below, we can see what the staggering sum of £1 Billion looks like. [At the end of 1990, The UK national Debt was around £180 Billion.]

pallet_x_10.jpg

4.] Finally. Below are 6 images, showing the total UK national Debt of £6 Trillion. [Each Picture is an image of one Trillion Pounds.]

pallet_x_10000.jpg

pallet_x_10000.jpg

pallet_x_10000.jpg

pallet_x_10000.jpg

pallet_x_10000.jpg

pallet_x_10000.jpg

Yep that's now much we owe.

Bugger. :blink:

Any other posters wishing to put this figure into [an interesting imaginative pictorial] perspective, please feel free.

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