The Economy: 13. National Debt
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Is Government Debt Getting Too High?
The UK ended the Second World War with debt at about 250% of GDP. The main way that we're affected is because the government each year has to use some of our tax revenues to pay the interest on the debt it has. There might also be impacts from government borrowing and government debt onto the wider economy. So possibly if the government is using that money less effectively than someone in the private sector could, then there could be a relationship between government borrowing and strength of the economy more broadly.
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