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National Debt, scary stuff
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Box Brownie
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Interesting but even more so when you look at Debt an regard to GDP
Country List Government Debt to GDP | Europe
This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Country List Government Debt to GDP. This page provides values for Government Debt to GDP reported in several countries part of Europe. The table has current values for...
tradingeconomics.com
The UK is under 100% where Spain, France & Belgium are over 100%
However, the USA is 124% ............no wonder Trump needs money.
IIRC at one point a few years back the vast majority of US debt was held by China and the EU second to China in that regard.
OP
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makes you wonder doesn't it.
but still quite scary UK so High
does show how the Gov is really having to wok hard on this problem
lindsay
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Yet Trump is desperate to spend loads more debt funded govt money on things that will make him and his buddies richer. Even Congress aren't keen on that.
I believe the Chinese holding of US treasury bills is a lot of the reason they had leverage over the tariffs fiasco.
I believe the Chinese holding of US treasury bills is a lot of the reason they had leverage over the tariffs fiasco.
Garry Edwards
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No, it isn't the law, it's the lore - your loreEvery thread on this forum has to include something about Donald Trump it’s the law.
Most of us just try not to think about him
nog
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I so look forward to the time when his name is not mentioned here and on almost every news programme. Sooner the better.Every thread on this forum has to include something about Donald Trump it’s the law.
Sony Corleone
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Because of thin election margins, Republicans compete with Democrats to see who can spend the most money and buy the most votes. That's what's happening here. A party that wins 60/40 will do what it wants. When it's 50.5/49.5, they start imitating each other to try to capture each other's voters.
AndrewFlannigan
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Well, here's a thought: why not prohibit all advertising by all candidates?
Just publish a report on the candidate's history from the age of five to the date of the election, prepared by police investigators. Then we might have a chance of understanding who and what we're being asked to give the job to.
...I know, it's turkey and christmas thinking
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By coincidence I've just watched this... You have to click on the link to watch it on Youtube. I think it is worth watching.
View: https://www.youtube.com/watch?v=Q3UI39q-M0Q
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Sony Corleone
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My crazy ex-girlfriend suddenly decided she was a far-left firebrand, although she was very conservative when I knew her. This was after she had failed to cut it as an attorney. I guess she needed a new gig. She decided to run for Congress, and presumably this drove her political conversion. She had a domestic violence beef in her past, she had lied to courts in her capacity as a lawyer, she had been disciplined by the bar for letting clients down, and she had over $117,000 in abandoned student loans the last time I checked. I felt an urge to contact a newspaper about all this, but I let it go because it would have been childish.Well, here's a thought: why not prohibit all advertising by all candidates?
Just publish a report on the candidate's history from the age of five to the date of the election, prepared by police investigators. Then we might have a chance of understanding who and what we're being asked to give the job to.
...I know, it's turkey and christmas thinking.
OP
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banks and pension companies that lend money to govts and charge interest like bonds
onomatopoeia
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UK government debt is sold by the Debt Management Office (DMO) as government bonds aka Gilts. New debt is auctioned and anyone with an appropriate investment account can bid. I could, if I wanted, buy them in my S&S ISA or my general investment account, possibly my SIPP as well (haven't checked that).
Pension companies buy a lot as they give guaranteed returns which is what is needed to fund annuities.
lindsay
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I have a modest amount (about £8k) invested in UK gilts paying between 4.75% and 5.5% interest with maturity dates between 2030 and 2056, in my SIPP. I tend to buy any good interest issues when they come out as I transition from shares to gilts in anticipation of retiring and taking my pension as drawdown.