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Old 24-03-2013, 21:36
Nick1966
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Join Date: Oct 2005
Location: North London
Posts: 13,195
I think he is saying that is ours is lower than quite a few other countries. I am a bit confused by inclusion of the "euro area" when european countries have already been cited. Bit of a doubling up.
In his budget last Wednesday, George Osborne predicts that outstanding UK government debt will reach 85.6% of GDP by 2016-7.

So, during Mr Osborne's tenure in office, UK government debt is going to by 50% from approx 50% of GDP to 75%. Based on this trend, expect UK government debt to exceed 100% of GDP during the next parliament.
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