The fourth one -Reduce the national debt
There is always a budget deficit in the United Kingdom's Economy.Which is because the UK usually buy imports more than the exports they sale.And also they have a lot national debts maybe .So the organisation for Economic Co-operation and Development estimates that the UK national deficit will rise to 14 per cent in 2010 and it will become the highest in the western world .
And the UK decide to reduce the national debt.Cause they notice that if the scale of the debt burden will cause interest rates on government bonds to rise and making long-term inflation likely .And that will lead to many problems for example the pensions and savings may suffer unless the government raises taxes and makes big cuts in public spending .
So this is a quite serious problem .Then how can Britain reduce the national debt and to reduce the deficit? Maybe buy less imports and sell more exports is a good way.And they should do a financial plan for the UK.And really try to borrow less debt.But which means that money are there in the economy may be less.So if the government do not have enough money to spend the situation can be worse .SO still they will charge higher taxes and reduce the government spending etc.
Therefore the government really need to consider about how to deal with the national debt.
Current ratio
6 years ago
7 comments:
You say you think the United Kingdom, one of the world's richest countries, have that much national debt .. I wonder if you know how they got there, when, and what they have borrowed money to? :)
Well~ that's not really my idea it is what the report was really say.
Yes The UK is really rich but to consider one country is rich or not ,not only based on how much money do they have but also we should think about for example the living stander ,the real GDP and so on.So there is noting strange that the UK has a big debt. :)))
I think, one of the major problem is overborrowing, uk needs to limit the overborrowing, i think this will help the economy to grow a little bit. So the government spendings are gonna be reduced. And the older people who are getting pensions, should get thier pensions at age of 70 or more))))
I suppose that to reduce national debt is a good idea for the UK cause they have been budget deficit for a long time .I found a link which is about the national debt of the UK that you may find it is helpful! :)
http://www.economicshelp.org/blog/uk-economy/uk-national-debt/
I don want to make pressure on u!...So...nice post Si yi!!!!!:)))))
Si
Please respond to the posts from others.
Very good post! Is the national debt really that big? i wouldn't have thought so...
Post a Comment