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National Debt
Kwestie
1
#65951
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UK economic problems »
UK economic problems
UK economic problems☜UK GDP (2010) £1410 bn. National debt £850 bn, 60% of GDP. (Context: Japans debt is 194% of GDP, Italy is 100% of GDP). £107 bn is due to banks bailout 2009. Annual borrowing is 12% of GDP. 1/6th of borrowing is to service the National Debt.☜F1CEB7
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Government Spending »
Government Spending
Government Spending☜☜FFB597
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National Debt
National Debt☜☜FFB597
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Qualifying factors »
Qualifying factors
Qualifying factors ☜Not just size, but also ratio of debt owed in sterling and that held in other currencies. Present ND is lower than in 1946, and is lower than Japans. All countries except 4 are in debt, and debt is an intrinsic part of conventional economics since money is created through loans. ☜FFB597
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Budget deficit »
Budget deficit
Budget deficit☜UK budget deficit is high at 11% of GDP, but must be reduced carefully so as not to harm the vulnerable and endanger the recovery. The Governments aim of 20% through taxation and 80% through spending cuts is thought unbalanced by many economists.☜FFFACD
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Gemaakt door:
Richard Lawson
NodeID:
#65951
Node type:
Issue
Gemaakt op (GMT):
6/13/2010 4:08:00 PM
Laatste bewerking (GMT):
6/13/2010 4:08:00 PM
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