It hasn't been this big since 1974

[DimPrawn]

http://news.bbc.co.uk/1/hi/business/8160614.stm

Total outstanding government debt in the UK has risen to a record £799bn, or 56.6% of UK GDP - the highest since records began in 1974.


Didn't we have a Labour government then as well?

Is there a pattern emerging?

[BrilloPad]

Didn't we have a Labour government then as well?

Is there a pattern emerging?

You are CyberTory and I claim my £5.

[thunderlizard]

Didn't we have a Labour government then as well?

Only effectively from October onwards.

[d000hg]

Is there a pattern emerging?

Bah, 2 data points is statistically irrelevant. Just a coincidence

[VectraMan]

Total outstanding government debt in the UK has risen to a record £799bn, or 56.6% of UK GDP - the highest since records began in 1974.

Seriously, are there no government accounts records going back further than 1974?

This reminds me of a Simpsons quote:

Homer: Lisa, there's no record of there ever being a hurricaine in Springfield.
Lisa: Yes but the records only go back to 1974 when the records office was mysteriously blown away.

[BrilloPad]

Seriously, are there no government accounts records going back further than 1974?

This reminds me of a Simpsons quote:

Homer: Lisa, there's no record of there ever being a hurricaine in Springfield.
Lisa: Yes but the records only go back to 1974 when the records office was mysteriously blown away.

[thunderlizard]

Paying Richard the Lionheart's ransom of 150,000 marks resulted in a national debt of 300% GDP. That was in the 1190s so a bit before my time.

[Cyberman]

I've said all along that we are losing a billion pounds every two days. This just underlines further that dire situation and the need for HMG to stop wasting money. The sooner that they start making savings, the less we will have to pay later, but they just seem too thick to understand this simple truth.

[BrilloPad]

I've said all along that we are losing a billion pounds every two days. This just underlines further that dire situation and the need for HMG to stop wasting money. The sooner that they start making savings, the less we will have to pay later, but they just seem to thick to understand this simple truth.

I think the forecoming election in May next year might have something to do with it. But I could be wrong.

[oracleslave]

I've said all along that we are losing a billion pounds every two days. This just underlines further that dire situation and the need for HMG to stop wasting money. The sooner that they start making savings, the less we will have to pay later, but they just seem to thick to understand this simple truth.

too thick