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2025-03-20 21:34:32

Emeritus Prof Christopher May on Nostr: The next time someone tells you that the UK public debt service costs are ...

The next time someone tells you that the UK public debt service costs are unsustainable & as a result cuts are required to public sector budgets (such as welfare or health) you might want to show then the chart below, which shows the UK is both below the OECD average & well below the proportion paid by the USA.

Such claims are not economics but political cover for cuts they want to make regardless of any fiscal rules or claims for probity!

Just sayin'

#PublicDebt #politics

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