Abstra616 Posted May 19, 2017 Share Posted May 19, 2017 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 Quote Link to comment Share on other sites More sharing options...
maverick73 Posted May 19, 2017 Share Posted May 19, 2017 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 ? Quote Link to comment Share on other sites More sharing options...
billybong Posted May 19, 2017 Share Posted May 19, 2017 (edited) There are some average figures in the link below but relative to GDP https://en.wikipedia.org/wiki/United_Kingdom_national_debt Edited May 19, 2017 by billybong Quote Link to comment Share on other sites More sharing options...
man o' the year Posted May 19, 2017 Share Posted May 19, 2017 Average is about 2% now and falling. Last 10 year bond auctions were 1.13 % in April and 1.31 % in March. Last bond auction at more than 2% was June 2015. Quote Link to comment Share on other sites More sharing options...
zugzwang Posted May 19, 2017 Share Posted May 19, 2017 4 hours ago, maverick73 said: I wonder who want to buy UK gilts these days ? Quote Link to comment Share on other sites More sharing options...
maverick73 Posted May 20, 2017 Share Posted May 20, 2017 1 hour ago, zugzwang said: Given the choice from US Treasuries, German Bunds or UK Gilts... I wonder how many would choose UK Gilts??? Quote Link to comment Share on other sites More sharing options...
oracle Posted May 20, 2017 Share Posted May 20, 2017 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. Quote Link to comment Share on other sites More sharing options...
billybong Posted May 21, 2017 Share Posted May 21, 2017 (edited) 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 May 21, 2017 by billybong Quote Link to comment Share on other sites More sharing options...
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