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Public debt: GDP

2

Comments

  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Old_Slaphead wrote: »
    Maybe it was their idea but a certain Mr Brown embraced it with mucho gusto to sidetrack his 'golden rules'

    Well you know Pandora always gets blamed for opening that box :eek:
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Old_Slaphead
    Old_Slaphead Posts: 2,749 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    StevieJ wrote: »
    Well you know Pandora always gets blamed for opening that box :eek:

    Thought that was Michael Miles :rotfl:
  • Rochdale_Pioneers
    Rochdale_Pioneers Posts: 2,469 Forumite
    Part of the Furniture Combo Breaker
    Old_Slaphead wrote: »
    UK figures are worse than shown - PFI commitment has conveniently been shunted "off balance sheet"

    Incorrect. Eurostat include all the off-books liabilities for all countries* and this shows the same picture. On a like for like comparison UK debt to GDP compares to other countries as shown.

    *Well, the include all the actual genuine off books liabilities. What they don't do is what most right wing loons do and include all the made up UK liabilities on the UK figures and exclude foreign government liabilities from their figures.
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    StevieJ wrote: »
    Well you know Pandora always gets blamed for opening that box :eek:

    I presume we can blame Labour for the Budget deficit hole then :)
    budget_1388844c.jpg
  • UselessMoney
    UselessMoney Posts: 9 Forumite
    Try looking at the bigger picture (via keiser report freeview 85, davidicke.com, infowars.com, and rense.com) then you might realise what it is all about and what is likely to happen towards the end of next year.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Old_Slaphead wrote: »
    Thought that was Michael Miles :rotfl:

    You really are an OLD slaphead if you can remember that :)
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    UselessMoney wrote: »
    Try looking at the bigger picture (via keiser report freeview 85, davidicke.com, infowars.com, and rense.com) then you might realise what it is all about and what is likely to happen towards the end of next year.

    Worrying, truly worrying. All roads lead to the Mayan prophecy ;)
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • chewmylegoff
    chewmylegoff Posts: 11,469 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    UselessMoney wrote: »
    Try looking at the bigger picture (via keiser report freeview 85, davidicke.com, infowars.com, and rense.com) then you might realise what it is all about and what is likely to happen towards the end of next year.

    straitjacket for uselessmoney please.
  • IronWolf
    IronWolf Posts: 6,462 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Old_Slaphead wrote: »
    UK figures are worse than shown - PFI commitment has conveniently been shunted "off balance sheet"

    There is a good reason things like this are off balance sheet. It's because they are not debt, they don't have a redemption value or maturity date, and the creditors have no claim to them in the event of bankrupcy.

    Just like you don't include future interest payments on debt, or future lease payments, because they are not debt.
    Faith, hope, charity, these three; but the greatest of these is charity.
  • Old_Slaphead
    Old_Slaphead Posts: 2,749 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    IronWolf wrote: »
    Just like you don't include future interest payments on debt, or future lease payments, because they are not debt.

    News to me - I could have sworn that obligations under finance leases were shown on Company Balance Sheets (usually split between current and +1 year creditors)
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