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Topic History of: More expensive to borrow....
Max. showing the last 5 posts - (Last post first)

Author	Message
Wyot	Lester Pidgeon wrote: [quote]Wyot wrote: Blame has become the norm; though the Tories did most of the borrowing - since 2011.... £2B a week, down the toilet!! share.google/images/0Z6KNz2IsY7pJXjp0 It's remarkable this weak Labour Government can't get more political traction out of this; as historically it has been the stick the Tories have used to beat them with...
Lester Pidgeon	interest**
Lester Pidgeon	Wyot wrote: why don't more Governments talk about our debt and getting it down? Why don't voters seem to care? Very good questions Wyot - rarely alluded to, as you say. This is dead money, on old borrowings - mostly. A legacy of our past. Sadly, the prognosis is that the internet figure will continue to rise. Blame has become the norm; though the Tories did most of the borrowing - since 2011.... £2B a week, down the toilet!! share.google/images/0Z6KNz2IsY7pJXjp0
Lester Pidgeon	Blair and Brown were the last duo to manage a reduction in the debt - on which the annual interest has become a major burden. In the current financial year, interest will exceed £111 billion; that's over £2,000,000,000 a week! Money down the drain. Debt interest (central government, net of APF) - Office for Budget Responsibility share.google/JViQpctvUyuHq8jY7
Wyot	Lester Pidgeon wrote: Funding the fast growing UK National Debt - getting close to £3 trillion - has become a lot more costly. www.bbc.com/news/articles/cy989njnq2wo www.statista.com/statistics/282647/government-debt-uk/ I don't understand economics; but why don't more Governments talk about our debt and getting it down? Why don't voters seem to care?