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Now we are at the starting gate for a brand-new year, here are some figures for the accumulated debt and current fiscal deficits to ponder over.The “rule of 72” column provides an indication of how many years it will take at the current level of deficits to double the debt to GDP and debt per capita numbers.Perhaps surprisingly, even though Japan has more than double its GDP in debt, its per capita dent burden is similar to the UK’s and is 40% lower than that of the US – making the US the basket case of these 5 countries, and not Japan. The 3.1% UK deficit number is laughable – it will be far higher – maybe an extra 1% as the massive tax hikes recently announced plus the extra 14% on household fuel bills hit during 2025. Any boost to GDP from tens or hundreds of billions of government spending only serve to delay the inevitable - further bankrupting the UK –until the inevitable societal and economic collapse of an accelerating trend towards two-tier justice via Islamification and a UK ...

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Peter Halligan

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