UK National Debt: The Office of Budget Responsibility.

The UK National Debt is a topic that is not widely reported. However the UK as a whole is a highly indebted nation.

The figures here are worrying.


So the UK spends more than it earns (revenues from taxation and duties)

Currently the UK is carrying £1,604 Billion of debt, and by March 31st 2017, the UK is forecast to spend another £34 Billion to take the current debt from £1,604 Billion to £1,638 Billion.

This debt is constantly accruing interest that is paid to the UK creditors. Remember, we are in it together.

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