UK National Debt: £1.8 trillion...

....

http://www.nationaldebtclock.co.uk

We will never pay it off...as long as we can pay the interest we are solvent

The moment we cannot pay off the interest...we are bankrupt.

has to be reduced at some point or any market downs will mean borrowing at higher rates and eventually no options left because default risk increases

Please excuse my ignorance... who do we owe this money to?

whoever buys the debt

The name”s Bonds, Government Bonds.

Yes. It has to be reduced; at least as a percentage of GDP.

It is currently 85% of GDP which is slightly down on the previous year or so.

An increasing debt means a downgrading of our credit rating and higher interest payments which are currently £48bn. (About 35% of the NHS budget).

Emitdeb - about a quarter is owed to the Bank of England. The rest to finanancial institutions, pension funds, banks, investment funds and private individuals.

That's cleared that up.. thanks...

China holds loads of US government bonds

the bank of england probally holds alot of government debt

Gazo, 23% (see my post @ 20:59)

and i assume thats money that they have basically printed which most central banks seem to be doing

Japan, with its population of 127,185,332, has the highest national debt in the world at 234.18% of its GDP, followed by Greece at 181.78%. Japan's national debt currently sits at ¥1,028 trillion ($9.087 trillion USD). After the stock market crashed in Japan, the government bailed out banks and insurance companies and provided them with low-interest credit. Banking institutions had to be consolidated and nationalized after a period of time and other fiscal stimulus initiatives were used to help reboot the struggling economy. Unfortunately, these actions caused Japan’s debt level to skyrocket.

China’s national debt is currently 54.44% of its GDP, a significant increase from 2014 when the national debt was at 41.54% of China’s GDP. China’s national debt is currently over ¥38 trillion (over $5 trillion USD). An International Monetary Fund report from 2015 stated that China’s debt is relatively low, and many economists have dismissed worries over the size of the debt both in its overall size and relative to China’s GDP. China currently has the world’s largest economy and the largest population of 1,415,045,928 people.

Russia’s debt ratio is one of the lowest in the world at 19.48% of its GDP. Russia is the ninth least indebted country in the world. Russia’s debt is currently at a total of over 14 billion руб ($216 billion USD). Most of Russia’s external debt is private.

Canada’s national debt is currently at 83.81% of its GDP. Canada’s national debt currently sits at about $1.2 trillion CAD ($925 billion USD). Canada experienced a gradual decrease in debt after the 1990s until 2010 when the debt began increasing again.

Germany’s debt ratio is currently at 59.81% of its GDP. Germany’s total debt is at approximately 2.291 trillion € ($2.527 trillion USD). Germany is Europe’s largest economy.

The whole world is living on the never never

Capitalism eh, what a system.

UK would be at 330% if the figures in my OP were included.  I don't know what these numbers are for other countries or if they are included in their national debt.

The latest numbers show that the UK has accrued pension liabilities of £7.6 trillion – rights that have been built up in the past but not yet paid. There are assets of around £2.7 trillion invested to cover that bill so the shortfall is c£5 trillion.

The biggest chunk of this is the State Pension which accounts for (currently) £4 trillion of the total. The other £1 trillion relates to commitments accrued in unfunded public sector pensions. This is the bill that needs to be paid to cover the shortfall from the past, which will have to be met by the workers of tomorrow.

And of course we know that those same workers also have to worry about saving for their own pension, paying off education debts and struggling to get onto the housing ladder.

Scary stuff

watch the debt rocket if javid the didgy derivatives salesman gets a few more years as chancellor

https://archive.org/details/pdfy-ihcFXHsGr0S35Dj0

from Ron Russian, tells you all about banks and debt

https://archive.org/details/pdfy-ihcFXHsGr0S35Dj0

from Ron Russian, tells you all about banks and debt

https://archive.org/details/pdfy-ihcFXHsGr0S35Dj0

from Ron Russian, tells you all about banks and debt

Triplets

This is not the Andy thread.

Russia’s debt ratio is one of the lowest in the world at 19.48% of its GDP. Russia is the ninth least indebted country in the world. Russia’s debt is currently at a total of over 14 billion руб ($216 billion USD). Most of Russia’s external debt is private.



They could be basically debt-free if Putin and his gang didn't rob the country blind by channelling and laundering money into the UK and US.

A basket case like Britain is always going to be sinking into the mire. We gave away our industry through lack of investment and idiotic trade policies while at the same time allowing mass immigration to balloon the population way past our meager capabilities.
We import massive amounts of food that we pay for with borrowed money and if a global crisis happens that threatens either the price or availability of this imported food we will seriously exposed.

we do have 400 years of coal we are still sat on - and a lot of farming capacity if it bacame viable and not set aside - but mr heseltine might not like that to the tune of 200,000 grand ho ho
but we can also thank our lucky stars as we kneel to the east

Increasing National Debt or Austerity ...You choose ?

dig for coal - germany does and the rest of course

Conscription could clear the national debt. Take every Betfair premium charge payer and sign them up for 2 years, put them in an office with 10 billion to play with, and let them play any markets they like, shares, horses, futures, anything. They should be able to spin it it up to 10 trillion in a few years, then we'd have a buffer that even labour would struggle to spend.