You are viewing a single comment's thread from:
RE: Britannia Is Drowning in a Tsunami of Debt.
£2 trillion equals €2.269 trillion.
Per capita, that works out to €34,564 or £30,469. What is the rate at which it is growing per year?
£2 trillion equals €2.269 trillion.
Per capita, that works out to €34,564 or £30,469. What is the rate at which it is growing per year?
Technically the budget deficit is the extra debt being created so if the budget deficit is 5% of GDP it means it is growing at 5%.
Roughly speaking that is the case because the UK's GDP is around £2 trillion. It doubles in a little over 14 years at this rate.