Even before yesterday's announcement by the Government that the National Debt would reach levels never before plumbed, it was clear that the UK's net indebtedness was shocking. A colleague has pointed me in the direction of this article from October. This graph is simply scary. Time to emigrate.
Or as the authors of the original post put it:
In this sense, the UK is just like your friend that spends exactly what they make, or even beyond their means to try and impress his/her friends. This is worse than living month to month – it’s like living a month to two months behind! And now, the UK is accumulating new debt at a faster rate than the economy. If the UK were a private citizen, it might be time for him/her to sell off what they can and move to Panama, or declare some type of bankruptcy.
I am sure that the PM's advisers will remind him that there is a precedent for Brits feigning death and moving to Panama and it isn't a happy one.
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