Posted by: Martin | April 30, 2010


Every country in the world is in debt. Even China.
In the UK we owe about £1,000,000,000,000. Who do we owe this money to? And what will they do with it?



  1. That is lot of zeros, are we owed similar ammounts? if so can we just sell our debtors to our creditors and be roughly even stevens?

    • Mostly we owe the money to banks. Every day we pay about £86,000,000 in interest alone on the national debt. In effect this is a subsidy to the banking sector; a transfer of monbey from taxpayers to bankers. Hi-ho.

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