Tackling The Nonsense Talked About The National Debt, And Its Cost

1st January 2024

The Telegraph is saying the Tories are going to change the UK's fiscal rules to catch Labour out in the run-up to the general election. This is because they think that we're all terrified of the national debt. We shouldn't be, and what they're proposing is bonkers. A thread...

First of all, although the government claims that the national debt is nearly £2.7 trillion, it isn't. It's actually only a bit over £1.6 trillion. The rest is created by what I think to be false accounting. I explain why and what this means here.

Read the full article HERE