From the article, I have known that the UK national deficit will rise to 14 per cent in 2010-the highest in the Western world. There's a lot of bad affects caused by increasing of the national debt, the interest rates on government bound will rise, which will make long-term inflation. That means those with pensions and saving suffer, unless the Government raises taxes and makes big cuts in public.
Well, first of all, the national debt is also known as government debt, which is money owed by any level of government, otherwise, it is an indirect debt of the taxpayers. National debt plays a very important role in the development of economy and society. The UK government need the money to support its military forces and the development of infrastructure and public facilities. Also, the goverment needs enough number to develop the education career, health care, and welfare fund.
Reducing the national debt will make the government to raise taxes and make a big cut in spending, that means citizen's welfare might be suffered. Anyway, there are other ways to reduce debtors such as reduce the wastings of spending, so it is important for government to manage spending correctly. Reducing national debt may help the UK economy to advoid a long-term inflation and also reduce the risk of recession.
Current ratio
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The current ratio is a financial ratio that shows the proportion of current
assets to current liabilities. The current ratio is used as an indicator of
a c...
6 years ago
9 comments:
Good blog post, you wrote there!
I only have one question.... ”the national debt is also known as government debt”. Is this money earned from the world bank?
Nice post Nara!
This is the second article I read on the increasing national debt of the UK. So I'm guessing that it really is becoming a big problem. Is the UK still active in Iraq? If so, it would make a huge difference for the national debt if the UK army would return from their missions. That way the government would not have to raise the taxes and still reduce their national debt.
Anyway, very good post! It really seems like you know your economics!
=]
xx
Yeah, your right, reducing the National debt may help the Uk's economy deflect the Inflation. But if the over-borrowings are also reduced this may help the Uk's economy to rise.
It's a nice post))))) It help)
Hi, fanny, the government debtors means the money owed by the goverment, but not earned~ ^^
Hi, Tom ^^
Thanks for your comments, i'm not sure whether the UK still actives in Iqac or not, but your views really make sense! I hope the UK army can return from thei mission as soon as possible because the tax in the UK is really high enough !
um,,hi,,UmidbekEF (sorry i don no your name)
I don't know what the over-borrowings mean. Could u explain it to me?
Anyway, thans for your comment! ^^
nice post, completely agree.
Nara......good blog.I AM CHINESE AS WELL,MY ENGLISH NAME IS RELY.nice to meet you
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