The Monster behind Debt and Deficit: The Great Vampire Squid.
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The Monster behind Debt and Deficit: The Great Vampire Squid.

Utterly dismayed by the Coalition Government’s attempt to put into law the obligation to reduce the structural deficit by 2017-18, I thought I would repost the BBC’s excellent explanation of the difference between all the types of debt in the UK that the politicians talk about. http://www.bbc.co.uk/news/business-25944653 Basically, “the debt” is the running total of … Continue reading