{"id":1864,"date":"2016-11-28T01:01:52","date_gmt":"2016-11-28T01:01:52","guid":{"rendered":"http:\/\/asadkarim.co.uk\/?p=1864"},"modified":"2016-11-23T11:51:48","modified_gmt":"2016-11-23T11:51:48","slug":"uk-national-debt","status":"publish","type":"post","link":"https:\/\/www.asadkarim.co.uk\/?p=1864","title":{"rendered":"UK National Debt."},"content":{"rendered":"<p>The UK media have been covering the UK Government Debt.<\/p>\n<p>The figure is <strong>\u00a31.64 Trillion<\/strong><\/p>\n<p>To be simple:-<\/p>\n<p>\u00a31.64 \u00a0\u00a0Trillion<br \/>\n\u00a31,640 \u00a0\u00a0Billion<br \/>\n<strong>\u00a31,640,000\u00a0Million<\/strong><\/p>\n<p>Now this debt is formed by the UK Debt Management office, (http:\/\/www.dmo.gov.uk) issuing blocks of Bonds, (gilts) to fund the UK.<br \/>\nThis <strong>\u00a31,640,000\u00a0Million<\/strong> is formed of literally hundreds of blocks of debt, issued monthly.<\/p>\n<p>In the style of keeping things simple, if the interest rate was 1.25% on this \u00a31,640,000 Million, then just the interest payments annually would be\u00a0 <strong>\u00a320,500 Million<\/strong><\/p>\n<p>That is <strong>\u00a320.5 Billion<\/strong><\/p>\n<p>That is actually an under estimate of the interest payments, but it is the order of magnitude of interest HM Government has to pay on its debt mountain. Money that pays the creditors.<\/p>\n<p>With a UK Population of 60 Million.<\/p>\n<p>That debt of \u00a31,640,000 Million equates to <strong>\u00a327,333 per UK Person<\/strong>.<br \/>\nThe interest of \u00a320,500 Million equate to <strong>\u00a3341 per UK Person per year<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The UK media have been covering the UK Government Debt. The figure is \u00a31.64 Trillion To be simple:- \u00a31.64 \u00a0\u00a0Trillion \u00a31,640 \u00a0\u00a0Billion \u00a31,640,000\u00a0Million Now this debt is formed by the UK Debt Management office, (http:\/\/www.dmo.gov.uk) issuing blocks of Bonds, (gilts) to fund the UK. This \u00a31,640,000\u00a0Million is formed of literally hundreds of blocks of debt, [&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-1864","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\/1864","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=1864"}],"version-history":[{"count":1,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1864\/revisions"}],"predecessor-version":[{"id":1865,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1864\/revisions\/1865"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}