UK debt 900% of our economy......

Killerseven

The debt time bomb that is Britain

https://www.youtube.com/watch?v=Iy5NwxeQzGM

ChopperST

Ah moneyweek that reputable financial organisation.

Did you buy their subscription?

purch

900 % :eek:

Is your calculator broken ?

Pobby

Not the only video to talk about a figure of 900%. In honesty, I do think that there is a huge problem regarding debt. Yes interest rates are historically VERY low. How long interest rates can remain at this level, I have no idea.

Not so convinced that equities will hold up. Worried about the massive cost of property, encouraged by incentives at all cost to stop a property collapse.

There is a huge burden on the state to pay unfunded pensions. Many need benefits because jobs just don`t pay enough.

I am not fully trusting these types of videos but at the same time I think there has to be some truth.

Thrugelmir

Pobby wrote: »

Not the only video to talk about a figure of 900%. In honesty, I do think that there is a huge problem regarding debt. Yes interest rates are historically VERY low. How long interest rates can remain at this level, I have no idea.

If Japan is anything to go by. 25 years and counting while Government debt is monetised.

Killerseven

Pobby wrote: »

Not the only video to talk about a figure of 900%. In honesty, I do think that there is a huge problem regarding debt. Yes interest rates are historically VERY low. How long interest rates can remain at this level, I have no idea.

Not so convinced that equities will hold up. Worried about the massive cost of property, encouraged by incentives at all cost to stop a property collapse.

There is a huge burden on the state to pay unfunded pensions. Many need benefits because jobs just don`t pay enough.

I am not fully trusting these types of videos but at the same time I think there has to be some truth.

You don't have to trust the video, just find out if what they say is the truth. A little research shows everything you said in your post is true.
Not the only video to talk about a figure of 900%. In honesty, I do think that there is a huge problem regarding debt. Yes interest rates are historically VERY low. How long interest rates can remain at this level, I have no idea.

Not so convinced that equities will hold up. Worried about the massive cost of property, encouraged by incentives at all cost to stop a property collapse.

There is a huge burden on the state to pay unfunded pensions. Many need benefits because jobs just don`t pay enough.

fordcapri2000

This debt will get us eventually, it is inevitable, watch out you guys with huge mortgages ;-)

I remember when there was panic(only seemed a few years ago now), when we were not even at £1 Trillion, now there is talk of us chasing £2 Trillion, and £4 Trillion with personal and government debt.

kabayiri

purch wrote: »

900 % :eek:

Is your calculator broken ?

Maybe the wrong 'country' button was pressed?

Isn't it the good ole' US of A who are heading towards $28 trillion of debt ? That sounds about 900% of our headline debt.

CLAPTON

Killerseven wrote: »

There is a huge burden on the state to pay unfunded pensions. Many need benefits because jobs just don`t pay enough.

unfunded pensions are like the unfunded NHS for the next 50 years or the funded food bills for the next 50 years or the unfunded gas and electricity bills for the next 50 years or the unfunded education costs for the next 50 years etc

just add them up and despair

alternatively reflect that we produce goods and service to meet our needs as we go along
also have done and always will do.

kabayiri

CLAPTON wrote: »

unfunded pensions are like the unfunded NHS for the next 50 years or the funded food bills for the next 50 years or the unfunded gas and electricity bills for the next 50 years or the unfunded education costs for the next 50 years etc

just add them up and despair

alternatively reflect that we produce goods and service to meet our needs as we go along
also have done and always will do.

Agreed. All us mere mortal voters can do is get on with life.

The next few decades will present some fantastic opportunities for the current and next generation. I refuse to be negative about the potential.

Pobby

As we go along, energy is very finite unless we work very hard at developing natural, sustainable energy. Lots of it about however vested interests are such that so far little has been done in this field.

Population expanding at an enormous pace, not in the least, people living longer.

The third world will have to be addressed in different ways. This is imperative.

The changes that will need to be made is enormous and changes that are going on, I am thinking in micro technology is enormous. We cannot expect that there will be no major changes. If that was so then there would have been no industrial revolution with all the bad and good that brought along.