BBCNEWS World July 5, 2024
interest payments — some of which are linked to inflation. lets get this in perspective though — the uks national debt is at record levels. it owes £2.69 trillion. that is almost the size of the uk economy — the so—called debt to gdp ratio is around 97.7%. that is a useful guide to how affordable the debt is for a country. the chancellor has pledged to get that ratio down. the uks far better off than some of its neighbours though — italys debt to gdp is around 140%. but if w...
Source: archive.org