Wednesday, January 26, 2011

For the record

A sudden rise in Britain’s debt-to-GDP figures? Blame the banks

"Welcome, RBS and Lloyds, to the PSF figures. Your stablemates include other bailed-out British banks like Northern Rock and Bradford & Bingley. According to the ONS, Lloyds and RBS will add some £1,300bn to the level of public sector net debt, which is rather more than the £130bn the Croc and B&B added. So a big welcome, also, for the new British debt-to-GDP figures: - at the end of December 2010: • net debt of £2,322.7 billion including interventions, equivalent to 154.9 per cent of gross domestic product • net debt of £889.1 billion excluding interventions, equivalent to 59.3 per cent of gross domestic product"

Posted by dill @ 03:33 AM (3789 views)
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4 thoughts on “For the record

  • That’s a new record. Don’t forget to add the PFI schemes while you’re at it.

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  • general congreve says:

    When are they going to reveal the other £6.5 Trillion or so that is still behind the curtain? Or are those outdated nuclear power stations all going to to decommission themselves in 2020?

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  • where did all the money go?

    All i want is nice smooth roads, reasonable prices for food, petrol houses etc.

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  • sibley's b'stard child says:

    Petrol houses Mark? I wouldn’t spark-up if I were you.

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