UK Pays £9 Billion Per Month Repayments On £2 trillion Debt

Money Tips Daily by Charles Kelly, former IFA and author of

The UK is now paying almost £9 billion per month to service its debt of £2 trillion – close to 100% of GDP.

In America, the situation is even worse with an acknowledged debt of $30 trillion costing $600 billion per annum.

The real American liability amounts to over $150 trillion if you take into account pensions and social security liabilities. The UK has a similar problem with unfunded pensions, state benefits, elderly care and the NHS.

With record low interest rates the debts I’ve just about manageable, but what would happen if interest rates went up to a normal five or 6%?

The ONS said that by December 2020 9 million people had to borrow more money.

Where will this all end?

The answer is that nobody knows because we’ve never been in this situation before where every country in the world is printing money like there’s no tomorrow.

Inflation looks set to rise which will force up interest rates plunging millions and some government into bankruptcy.

You need to educate yourself about money, so that you know how to build and preserve your wealth when disaster strikes.

Would you like to learn how to become financially free without working any harder and spending your life exchanging your time for money watch this free on demand training now to learn how to become financially free without working any harder.

As a thank you, I will give a special free gift which can help transform your finances when you attend the online training.

If you enjoyed this and found it helpful, please like and share with your friends and follow me on social media to give more people free value.

Click on this link to watch the free training now https://bit.ly/3wLWqx2