Covid has pushed many states' debts above annual income, but the UK has lower credibility than some with lenders Britain is about to become a member of a club it has avoided joining for six decades - that of nations with a 100% debt-to-GDP ratio. Such is the size and scale of the rescue packages needed to prevent the energy crisis overwhelming millions of families and avoid thousands of businesses going bust, a debt ratio that shot up from 83% to 94% in the first months of the pandemic and touch...
Now Britain is in the 100% debt-to-GDP club, what's the spending plan?
The Guardian - 4 Sep 2022 03:05
Covid has pushed many states' debts above annual income, but the UK has lower credibility than some with lenders Britain is about to become a member of a club it has avoided joining for six decades - that of nations with a 100% debt-to-GDP ratio. Such is the size and scale of the rescue packages needed to prevent the energy crisis overwhelming millions of families and avoid thousands of businesses going bust, a debt ratio that shot up from 83% to 94% in the first months of the pandemic and touch...
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