We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
FT/McKinsey - Total UK debt 2nd Highest
Comments
-
Radiantsoul wrote: »The methodology also seems to show that all nations are debtors which seems suspect.
Why would that be suspect? If you include the banking system it seems entirely reasonable to me.0 -
Oh and some slightly better news for British Government debt from FT Alphaville:
Generali's translation service says:If very little Government debt is owned by foreigners, it is easier to resort to dodgy means to get the level of debt down. For example you can change the rules to force banks to hold more Government debt by increasing the levels of reserves they are required to have or force people to invest their pensions in Gilts (both of which are either going to be done or have been done).
Also, it makes it smipler to 'print money' to solve the debt problem.0 -
Generali, interesting chart above. However I thought I had read somewhere (source?) that about 28% of UK debt was owned by foreign governments/instutions.0
-
stueyhants wrote: »Generali, interesting chart above. However I thought I had read somewhere (source?) that about 28% of UK debt was owned by foreign governments/instutions.
I don't see how anyone can really know as I don't think you need to register that fact you own a gilt and they are fairly frequently sold0 -
stueyhants wrote: »Generali, interesting chart above. However I thought I had read somewhere (source?) that about 28% of UK debt was owned by foreign governments/instutions.
It describes 'foreign bank holdings' of European debt. Presumab;y it excludes foreign Government holdings.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.5K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.4K Work, Benefits & Business
- 604.3K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards