Britain's have a huge debt

With enormous credit to the economist I reproduce here some charts which I think best illustrate the issues that should concern us hugely. Our debts. What does not seem yet to have sunk into the public psych is that it is not only the government who have allowed the national debt to go up and up, and who have now to do something about it, and about whose actions we are see so many complaints… it is we personably and our large financial organisations which have over extended themselves. So we have four debts:

1 The sovereign (or national) debt. Due to excesive social spending, bank bailouts, grand projects, hidden PFI debts

2 The personal debt. Due to credit cards, mortgages

3 The financial or bank's debt. Due to increased leverage of capital reserves and gambling going wrong


4 Non-Finance, or business. Due to lack of planning, un-profitablility, Industrial/financial/service sector unbalance in the economy

And together these place Britain in the worst position in the world with a massive debt of nearly 500% of GDP!!! Take a good look at that figure and let it sink in. The only slight advantage we have over others is the long maturity time of our sovereign debt at nearly 14 years, a lot longer than most other countries. But that is only one part of the total debt. Here are the charts, first the breakdown world-wide for basic sectors. Britain is on the RED. With a huge over 400% debt. Major european countries, except Germany are pink or 100-399%. Next let's look at the split by sector.

Go add up Britain's totals, these are Government 75% + Household 100% + Financial 205% + Non-financial 115% = Grand total nearly 500% of GDP. Obviously one big problem is the size of the Financial sector, it's simply too big especially compared to Businesses/Non-financial.

You can see this is the charts below, of Britain and others

I leave you to have a good look at these numbers, but caution you to make it a long and firm look. Take it in, you are in debt and you have to pay.

Here's the final table of data to consolidate the picture. I don't know how to conclude this post. But I hope it serves to bring erbyone to there senses, our banks, our government, ourselves. We are in for years of falling standards as we pay off this debt.