Osborne ' s emergency budget 5 months late?

[abu13]

How the fuck can countries have this level of debt and more to the point who do we owe the money to?

 

[Prestwich_Blue]

How the fuck can countries have this level of debt and more to the point who do we owe the money to?

Other countries mainly I suspect. They're the main ones buying government debt instruments.

 

[The Pink Panther]

How the fuck can countries have this level of debt and more to the point who do we owe the money to?

The UK government borrows mainly from

• UK pension funds / insurance companies (29%)
• Private corporations / other financial institutions
• UK building societies. (e.g. building societies buy government gilts to invest their savings to get a decent return.)
• UK Banks
• UK Private investors
• Foreign investors (foreign banks and foreign investment firms (2015 approx 25%)
• Bank of England Asset Purchase facility (Quantitative easing)

 

[kevin horlocks wand]

The UK government borrows mainly from

• UK pension funds / insurance companies (29%)
• Private corporations / other financial institutions
• UK building societies. (e.g. building societies buy government gilts to invest their savings to get a decent return.)
• UK Banks
• UK Private investors
• Foreign investors (foreign banks and foreign investment firms (2015 approx 25%)
• Bank of England Asset Purchase facility (Quantitative easing)

You missed wonga from the list

 

[hilts]

How the fuck can countries have this level of debt and more to the point who do we owe the money to?

It's a strange one you would think those with the highest debt in relation to GDP would be badly run countries but the list shows some countries with low debt are proper basket cases and vice versa. Japan's is stupidly high for instance but plenty of African countries have low debt, maybe because no one will loan them anything.

 

[aguero93:20]

You missed wonga from the list

Think Wonga decided to cut their losses and stop the credit.

 

[The Pink Panther]

You missed wonga from the list

It was a copy and paste from a Google search
I've looked again and Wonga was the next bullet point

 

[SWP's back]

Other countries mainly I suspect. They're the main ones buying government debt instruments.

Not true mate. Mainly private investors through pension and mutual funds as it's a relatively safe asset to hold.

 

[Prestwich_Blue]

It's a strange one you would think those with the highest debt in relation to GDP would be badly run countries but the list shows some countries with low debt are proper basket cases and vice versa. Japan's is stupidly high for instance but plenty of African countries have low debt, maybe because no one will loan them anything.

Probably because higher debt correlates to a greater level of infrastructure and welfare spending.

 

[hilts]

Probably because higher debt correlates to a greater level of infrastructure and welfare spending.

If you look at the list though it's a real mixture some modern countries with those positives you have mentioned have low debt