UK Election: The UK Debt

The UK has a structural debt. The current general election campaign is not talking about hard figures.

This is the reality. In 2015/16 the UK will borrow nearly £80 billion pounds and pay in interest on the total UK National Debt the grand total of £46 billion pounds.

That interest payments adds zero value or benefit to the economy, it is the creditors to the UK Government who get the benefit.

 

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