The UK National Debt Passes £2 trillion For The First Time.

in LeoFinance •  5 months ago  (edited)

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'Borrowing to soften the economic blow of COVID-19 has led to a spike in the national debt, according to the Office for National Statistics (ONS).'

'Debt (public sector net debt excluding public sector banks, PSND ex) has exceeded £2 trillion for the first time; at the end of July 2020, debt was £2,004.0 billion, £227.6 billion more than at the same point last year.'

(https://www.ons.gov.uk/economy/governmentpublicsectorandtaxes/publicsectorfinance/bulletins/publicsectorfinances/july2020)


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Continue to print more money. ;)

How much longer are we gonna keep printing money?

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This is a good question and would like to know the answer.

I have a question: who is the debt actually to?

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the government pass it onto us in the form of taxes...

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