The Government has made no secret of its commitment to start cutting the country’s budget deficit this year. Even with these cuts our eye-wateringly big national debt will continue to rise for several years – see previous posting on this. The impact of these cuts on a fragile economy will be profound and could well …
The UK national debt is fast approaching one trillion pounds and will exceed that number next year, according to the Office for Budget Responsibility. For most people, big numbers like this are pretty meaningless. So how can we really understand the scale of a trillion – one thousand, thousand million?