Recently it was revealed by McKinsey, the consultancy, that the UK debt to GDP ratio stood at 507% in the middle of 2011. Robert Peston reminds us that this is up from 487% of GDP in the second quarter of 2008, and, incredibly, from around 300% in 2003 – before the credit boom. Only Japan is more […]
Posts Tagged ‘Stella Creasy’
The spectre of bad debt
Oct 3rd, 2011 by Carl Packman.Unsurprisingly, much discussion has been had during Labour conference on the budget deficit and how the country can promote growth and create jobs while simultaneously trying to level national debt in a realistic period of time. Of comparable importance to the level of national debt are levels of personal debt, which have seen a sharp […]
