‘The big education for me is that civilisation is fragile and can be destroyed in a heartbeat' - Jeremy Brade, former peacekeeper in Sarajevo.

Sunday, September 06, 2009

UK public debt worse than USA

It's reported in the Press that UK national debt will reach c. £1 trillion by the end of the year, and when the Office of National Statistics adds-in the cost of bank bailouts to Lloyds TSB and Royal Bank of Scotland, the total should be £2.5 trillion. This will make our position worse than that of the United States, as shown in the graph below.


Anonymous said...

Scottish Trust Deeds are an alternative to bankruptcy or sequestration. Under Scottish Law, you may qualify for protected Trust Deeds Scotland which is a legally binding agreement that provides Scottish residents with a way to repay their debts based on what they can afford. If you qualify, you could have up to 90% of your debts written off and pay the remainder in 36 affordable monthly installments, leaving you totally debt free.

Debbie said...

This is Debbie from yesdebtfree.co.uk. I am a financial writer at YesDebtFree. I went through your website and found out that you have a good traffic and a nice user friendly approach. I was wondering if we could go for a link exchange through contents. I can write articles for your site on various debt solutions and will take a link back to our site. I can at the same time publish your articles and site in our current link exchange pages and blogs. Exchanging links through contents would ensure value. Please do let me know your view. I can be reached at: debbie@yesdebtfree.co.uk/.