BBCNEWS World July 5, 2024
interest payments — some of which are linked to inflation. let's get this in perspective though — the uk's 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 uk's far better off than some of its neighbours though — italy's debt to gdp is around 140%. but if we look at germany's — that's is only around 65%. but if we look at germany's — that's only a...
Source: archive.org