If you can't fathom out by the £ is so crap against the Euro....

[DimPrawn]

UK plunges into debt danger zone after Labour's 10-year borrowing binge, says finance watchdog | Mail Online

Britain’s debt levels are dangerously high and are damaging the economy, according to one of the world’s leading financial watchdogs.
Debt in the UK grew faster than in any other major economy in the last decade to £180,000 per household.
It means the country is in the danger zone following a ten-year borrowing binge under the last Labour government, a hard-hitting report from the Bank for International Settlements has revealed.


£180K per household. Send everyone a fooking bill with 7 days to pay or 20 years in prison.

[KentPhilip]

That's roughly the level of my personal savings.

Does that mean I'm actually worth f*** all?

[Mr.Whippy]

Does that mean I'm actually worth f*** all?

Yes.

HTH.

[alreadypacked]

That's roughly the level of my personal savings.

Does that mean I'm actually worth f*** all?

If you made the mistake of keeping it in sterling, YES.

[ChimpMaster]

So we should soon see a ratings downgrade of Sterling, which will of course mean that the £ is devalued further against other currencies. This would make our debt worth less, and hence supposedly easier to pay off.

Assuming of course that other countries can't keep up their pace of devaluation with ours.

So, we're winning, right?

Yes, we might experience crashing house prices, high unemployment and widespread rioting, but that wouldn't be any different to what we've got at the moment.

[Mich the Tester]

[Doggy Styles]

UK plunges into debt danger zone after Labour's 10-year borrowing binge, says finance watchdog | Mail Online

Britain’s debt levels are dangerously high and are damaging the economy, according to one of the world’s leading financial watchdogs.
Debt in the UK grew faster than in any other major economy in the last decade to £180,000 per household.
It means the country is in the danger zone following a ten-year borrowing binge under the last Labour government, a hard-hitting report from the Bank for International Settlements has revealed.

This is old news, which we've known for years. Why are they printing it now?

[Mich the Tester]

This is old news, which we've known for years. Why are they printing it now?

The Daily Wail's purpose is to cause alarm, moral panic and discombobulation among the middle classes.

[wobbegong]

The Daily Wail's purpose is to cause alarm, moral panic and discombobulation among the middle classes.

. . . AND to reveal the truth behind the death of someone called Diana, and to tell us what'll give us cancer this week.

[Dearnla]

The Daily Wail's purpose is to cause alarm, moral panic and discombobulation among the middle classes.

And so is that man in the picture above. Thankfully now consigned to his rightful place of mediocrity, obscurity and back benchdom.