How much is £500 billion 21 March at 11:38AM in Debate House Prices & the Economy 7 replies 364 views

50Twuncle

Weight of 500 billion pounds in Pound coins

• A pound coin weighs 9.5g or 0.0095kg
• Five hundred billion Pound coins would weigh 4,750,000 metric tonnes.
• A car, such as Volkswagon golf weighs 1,376kg.
• So Five hundred billion pounds in Pound coins would weigh the equivalent of 3,452,034  cars.

This is how much the country is borrowing to get us through the crisis

Takedap

In rough figures.....   If someone gave you a pound coin every second,, you'd be a millionaire after about 11 days.   It would take about 32 years to get to be a billionaire.  So about 16,000 years before you could get to the sum mentioned.

50Twuncle

Good job we don't still use the pre 1974 definition of BILLION - Or we would be in debt by a factor of 1000

As it is - its only £7,700 per man, woman and child in the UK!

50Twuncle

End to end - 500,000,000,000 £ coins would stretch to the moon THREE times !

venison

Who knows how much debt the nation will have to go into during this crisis? Personally I'm not that bothered as it won't be my generation that has to pay for it, which makes a change !

wesleyad

If you do it in Bezos instead of pound coins its only about 5 Bezos, so 350kg or half a Morris Minor

phillw

£500 billion is a lot to one person, but it's not a huge amount for a country of 66 million.
Obviously £0 would be a better number, but that wasn't a choice as not spending the money loses more money elsewhere.

Takedap

phillw said:

£500 billion is a lot to one person, but it's not a huge amount for a country of 66 million.
Obviously £0 would be a better number, but that wasn't a choice as not spending the money loses more money elsewhere.

About seven and a half grand for every man, woman & child.  £32,000 ish for the "average" family.   Not exactly "back of the sofa" type money.   And I think the bill has gone up quite a lot since the post was started.