Wednesday Night Fightback 21: UK Public Debt

Is our our debt-to-GDP ratio cause for concern?

By: Editor

In this episode, Michael Taylor and William Clouston discuss UK public debt.

At the end of May, public sector net debt exceeded 100% of GDP for the first time since 1961.

A staggering 40% of this debt is due to the short-term funding of Covid borrowing, which Michael calls ‘the most expensive blunder in the history of British government finance’.

William and Michael discuss whether our increasing debt-to-GDP ratio should be cause for concern or whether global economic growth will enable us to avoid financial ‘doom loops’.

Links to Michael’s articles on the short-term funding of Covid debt:

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18th July 2023

Filed under:

Family, Community, Nation.