oscpacey on Nostr: UK public debt calcs: GDP: £2.3t Debt: £2.5t D/GDP ratio: 109% Tax rev: £0.9t ...
UK public debt calcs:
GDP: £2.3t
Debt: £2.5t
D/GDP ratio: 109%
Tax rev: £0.9t
Spending: £1t
Deficit: £0.1t
Pay back period = ∞
If we balance budget, cut spend to £0.9t:
Pay back period = ∞
For a 50y back back, cut spend by 13.5% from £1t to £0.865t = -£135bn/yr
∴ inflation
Published at
2024-08-18 08:08:48 UTCEvent JSON
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"pubkey": "4f775440d6c9781f6c030d606a3dd49660d2ef7e6b589fca7783f33f5caaaafd",
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"tags": [],
"content": "UK public debt calcs:\nGDP: £2.3t\nDebt: £2.5t\nD/GDP ratio: 109%\nTax rev: £0.9t\nSpending: £1t\nDeficit: £0.1t\nPay back period = ∞\n\nIf we balance budget, cut spend to £0.9t:\nPay back period = ∞\n\nFor a 50y back back, cut spend by 13.5% from £1t to £0.865t = -£135bn/yr\n\n∴ inflation",
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}
