Wednesday, 28 January 2009

UK national debt will not return to pre-crisis levels for 20 years

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2 comments:

Nicky said...

UK tries to help the economy as much as possible so the government has borrowed loads of money to lend the banks so they will borrow each other again.And will encourage investment.However,i think they should stop because they are in a big debt already 20 bn pounds its a lot.This may affect that the tax will go up as they need to withdraw the money back from somewhere!

28 January 2009 at 20:39
chaoya zhuang said...

the government borrowed a lot of money to lend to the bank,in order to stimulate the brorrowing and the economy, but the government has already got £20bn's debt,it is a huge amount of money, how can the government collect this money back?
they might rise up the tax.

29 January 2009 at 10:08

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