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Post-World War II debt reduction - Office for Budget Responsibility
Shortly after the end of the Second World War, UK government debt peaked at around 270 per cent of GDP. Over the subsequent three decades, the debt ratio fell steadily to around 50 per cent of GDP (Chart A). Given the current high ratio of public debt to GDP in the UK and any advanced...
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Post-World War II debt reduction - Office for Budget Responsibility
Shortly after the end of the Second World War, UK government debt peaked at around 270 per cent of GDP. Over the subsequent three decades, the debt ratio fell steadily to around 50 per cent of GDP (Chart A). Given the current high ratio of public debt to GDP in the UK and any advanced...
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Post-World War II debt reduction - Office for Budget Responsibility
Shortly after the end of the Second World War, UK government debt peaked at around 270 per cent of GDP. Over the subsequent three decades, the debt ratio fell steadily to around 50 per cent of GDP (Chart A). Given the current high ratio of public debt to GDP in the UK and any advanced...
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