It will take 185M Man Years to Pay Off UK Debt

It will take 185M Man Years to Pay Off UK Debt

Published on 11/11/2014

In the run up to the election next year, the one topic that WON’T be discussed is the UK debt mountain [officially £1.4T]; unofficially £5T; which includes unfunded state obligations like public sector pensions and off balance sheet items.

With the average wage in the UK at £27K, it will take:

  •   52M man years to repay the official debt or
  • 185M man years to repay the real debt

So with 30M wage earners in the UK and an interest rate of 3%, it will take them working non stop for 7 years, sending 100% of their income, as tax to the government, to repay this.

Feeling enslaved yet?

Based on an article by Ann Barnhardt “Aprés la Guerre” Banking and Financial Market Theory

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