UK faces reckoning over US $3 trillion debt pile | World DNA | WION

The UK's public debt load has soared by more than 40% to almost £2.6 trillion (US$3.4 trillion or RM15.8 trillion)) since the pandemic struck, leaving the country owing more than its entire annual economic output for the first time since 1961.

#uk #debt #latestnews

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[andyplus]

In Nigeria for example the NGN the Nigeria Naira is very weak and it continues to fall.

Political leaders refused to take Nigeria from a consuming economy to an economy that encourages productive venture and entrepreneurial skills.

The bitter consequences of this is that Nigeria is not earning a large proportions
of International foreign exchanges as she is not exporting goods and services to the international community except crude oil whose value is not stable.

Moreover, Nigeria keeps borrowing money for consumption from China, the world bank etc and this money are not invested into productive ends.

[andyplus]

The debt of the UK is increasing but their national currency the pound sterling is very strong.

[alfreddunn]

UK dept to GDP us around 98% this is not even in the top 20 countries dept.

[baltukur]

Its time India buys the Kohinoor back and all the loot back to India from the London museum 😂😂😂

[upinsos]

President Biden : Good job governor Sunak 👏👏👏

[starfalx]

Would you like to have a cup of tea? £££ 😆

[robertwalla]

Pls do not unfairly comment on great Intelligence of britain. Could it be not their fault economy going south ? Could it be the abence of countries to be colonised n new wealth ownership is greatly lacking..?

[baltukur]

Indian will give them foreign aid soon 😂😂😂😂😂😂😂😂