One big problem
UK debt reached £1,377bn in Q1 2013. Just think about that number for a second. Actually, its difficult to imagine a number like this in our heads because it is simply too large to compute. With debt forecast to reach 99% GDP by 2014, when will labour, conservatives and liberal democrats admit that government spending has not been cut by enough.
Here is UK debt in euros:
As you can see we are catching up with France and Germany on total debt. What about debt as a percentage of GDP?
As you can see our debt is spiraling out of control like it is for many of the eurozone countries.
Posted on December 5, 2013, in Uncategorized and tagged cartoon, debt, economy, GDP, government, graph, spending. Bookmark the permalink. 3 Comments.
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