Like many in the UK, I get very confused about national debt levels. The Conservatives say debt is falling yet we are now borrowing more than ever. Who is right? That we as a nation are living beyond our means is an indisputable fact. Personal debt levels in the UK are still very high but less I believe than they once were. It looks like spend under Labour would have been as high or even higher than the Conservatives with their cuts and austerity.
I'd like someone to explain the UK National Debt to me, preferably
without the politics! Are things getting better or worse?
Sorry about the text colours in this Wikipeadia graph text. Debt interest alone costs us £30billion a year! Staggering.
See also
http://blogs.spectator.co.uk/coffeehouse/2013/11/the-tories-have-piled-on-more-debt-than-labour/
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