One indication of our plight is the balance of ownership between ouselves and foreigners - who owns more (including official debt) of whom? The
Econbrowser blog reproduces the following graph from a study of the US position:

And I give below a graph I've constructed from official figures, showing what's happened here in the UK:

For those inclined to blame solely New Labour for the economic disaster, this should be an eye-opener - look where we were in 1997.
DISCLAIMER: Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog.
No comments:
Post a Comment