{"id":159,"date":"2013-07-18T07:09:59","date_gmt":"2013-07-18T07:09:59","guid":{"rendered":"http:\/\/asadkarim.co.uk\/?p=159"},"modified":"2013-07-18T07:09:59","modified_gmt":"2013-07-18T07:09:59","slug":"the-uk-national-debt","status":"publish","type":"post","link":"https:\/\/www.asadkarim.co.uk\/?p=159","title":{"rendered":"The UK National Debt"},"content":{"rendered":"<p>In 2009-10 the Government spent \u00a3671.4 billion of our money, despite tax revenues of only \u00a3496.1 billion. [Thus a deficit of \u00a3671bn &#8211; 496bn = \u00a3175 bn, that \u00a3175bn short fall comes from borrowings]<\/p>\n<p>This issue of spending more (government expenditure) than comes in (taxation) has been going on for years.<\/p>\n<p>In 2011-11 the UK Government had to borrow \u00a3120.9bn (a budget deficit of \u00a3120.9bn)<br \/>\nIn 2012-13 the UK Government had to borrow \u00a3119.5bn (a budget deficit of \u00a3119.5bn)<br \/>\nProject In 2013-14 the UK Government had to borrow \u00a3120bn (a budget deficit of \u00a3120bn)<\/p>\n<p>As you can see, run up a deficit each each of \u00a3120bn each year for a few year years (borrow \u00a3120bn each year from the Bond Market) and the debts run up&#8230;..<\/p>\n<p>When you add up all the borrowings, you get to about \u00a31.2 Trillion<\/p>\n<p>Yes, total debt is about <strong>\u00a31,200,000,000,000<\/strong> (<strong>\u00a31,200 Bn<\/strong> = <strong>\u00a31.2 Trillion<\/strong>)<\/p>\n<p>In 2013-14, interest payments on the total national debt will be about <strong>\u00a348 billion<\/strong> (<strong>\u00a348,000,000 Million<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2009-10 the Government spent \u00a3671.4 billion of our money, despite tax revenues of only \u00a3496.1 billion. [Thus a deficit of \u00a3671bn &#8211; 496bn = \u00a3175 bn, that \u00a3175bn short fall comes from borrowings] This issue of spending more (government expenditure) than comes in (taxation) has been going on for years. In 2011-11 the UK [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-159","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=159"}],"version-history":[{"count":1,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/159\/revisions"}],"predecessor-version":[{"id":160,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/159\/revisions\/160"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}