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TOPIC: More expensive to borrow....
#262335
Lester Pidgeon

More expensive to borrow.... 6 Days, 17 Hours ago  
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/
 
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#262341
Wyot

Re:More expensive to borrow.... 6 Days, 13 Hours ago  
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?
 
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#262344
Lester Pidgeon

Re:More expensive to borrow.... 6 Days, 13 Hours ago  
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
 
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#262368
Lester Pidgeon

Re:More expensive to borrow.... 6 Days, 7 Hours ago  
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
 
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#262372
Lester Pidgeon

Re:More expensive to borrow.... 6 Days, 7 Hours ago  
interest**
 
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#262383
Wyot

Re:More expensive to borrow.... 6 Days, 4 Hours ago  
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...
 
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