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Abstra616

Interest rate on National Debt?

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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

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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 ?

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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.

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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

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