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The Trillion Pound Question: Is Government Debt Out of Control?

Many Happy Returns

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Debt Dynamics: A Historical Perspective

This chapter explores the historical trends of the UK's debt to GDP ratio from the 1700s, focusing on peaks during major conflicts like the World Wars. It compares the UK's debt situation with that of the US, detailing the implications of rising deficits and interest costs due to aging demographics. The discussion also addresses future projections and the complexities of government debt ownership, emphasizing the challenges faced by both nations in managing fiscal health.

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