Blog Archives

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:

Image

 

As you can see we are catching up with France and Germany on total debt. What about debt as a percentage of GDP?

Image

As you can see our debt is spiraling out of control like it is for many of the eurozone countries.

Image

Advertisements

In the end, it comes down to the number of pages

America has more than 70,000 pages of tax laws. In comparison, hong kong has less than 200 pages and slovakia’s flat tax is thinner than a magazine.

Image

%d bloggers like this: