Tuesday, August 30, 2011
Debt debt debt
Britain In Debt 'Danger Zone'
Britain is the only major economy in the world to be comfortably beyond these danger points for all three of the major types of debt.
Posted by mark @ 12:54 PM (2365 views)
11 thoughts on “Debt debt debt”
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drewster says:
… corporate debt of 126% of GDP …
A lot of UK-based companies have significant overseas operations – even dear old Tesco operates in 14 countries across the world. Having debt of 126% of UK GDP is thus meaningless. (Other countries which host many global corporate headquarters, e.g. Switzerland, would have similar results.)
At present, most leading economies, including the UK, allow businesses to offset debt interest payments against their tax bill. Governments should reduce the preferential treatment debt receives.
I’ve been saying this for a while too. Preferential treatment of debt concentrates power in the hands of banks and big finance. It would be safer to spread power more widely amongst small shareholders.
khards says:
hpwatcher says:
Britain is the only major economy in the world to be comfortably beyond these danger points for all three of the major types of debt.
Yes, and the government are more than happy to wreck a nations savings to balance the books.
Crunchy says:
http://www.youtube.com/watch?v=0wtiNzci1Wc
In the pink………………..
sureseam says:
The last BIS summary I read was painful reading as a Brit; and as one Yahoo commenter mentioned … these figures probably don’t include PFI.
watchman says:
Khards that’s hilarious. I watched the clip all the way through 🙂
Oh my god goose is dead NO lol
stuartking says:
A UK Treasury spokesman said: “This underlines the need for us to get a grip on our debt levels.”
One way thing they could do about domestic debt levels start tackling the over-priced housing market, instead, of course, they seem to be doing everything in their power to keep house prices inflated.
Just saw that Shapps fellow on Channel 4 news, what an idiot. Typical Tory tosh.
general congreve says:
@6 – I saw the CH4 News, Schnapps kept saying how he was working hard to help first time buyers, but didn’t mention shared-equity schemes, probably because he knew he’d be shot down in flames for it.
I just wish the debt load talked about in this article would finally tip everything over the edge. Really tired of waiting now.
watchman says:
mr g says:
“In the end, the only way out is to increase saving.”
At these f***ing rates??
T*sser!!
Just another example of the flight from reality in this country although nowhere near as barmy as the front page of the Express last Saturday:
“Britain’s property market has roared back to life with a triple dose of good news – rising prices, record low loan rates and mortgages at their most affordable for 12 years.â€
“In good news for home- owners and first-time buyers, mortgages are getting cheaper as lenders become more competitive.â€
In other words you can have a buyer’s and a seller’s market simultaneously. WTF?
The lunatics have well and truly taken over the asylum.
Rant over
watchman says:
just for you mr g lol
And they certainly don’t make ’em like that any more :)))