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What is “PUBLIC” DEBT

What is “PUBLIC” DEBT

  The Chancellor delivered his budget on 23 March where he stated that the public sector net debt was £1,161.5  billion at the end of February 2013, (or £1.16 trillion) which is an astronomical figure and equivalent to 73.5% of Gross Domestic Product (“GDP”). Every year the UK runs a large budget deficit as the […]

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