Finances

  • Thames Water woes (Finance Report)

  • UK national debt

    The UK’s public purse is in dire straits. The graph below indicates where the national debt is right now. In the coming years it may get much worse if enough isn’t done to stem its rapid growth.

    UK National Debt totals graph

  • Gov debt at critical level

    The UK’s finances are under a microscope following Sir Keir Starmer’s election victory. His Chancellor Rachel Reeves has also come out swinging with a number of high profile policy announcements.

    However the national finances continue to show a steep decline into an abyss.

    In a report published last Friday the UK’s national debt has reached a level equivalent to 99.5% of GDP (ONS). This is a result of accumulated borrowing by successive governments over a longer period of time.

    It’s as bad as it was previously in the 1960’s. It really is time for change.