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Showing posts from September, 2024

The Great British Debt Crisis

                                                                                 On Friday 20th September 2024, it was revealed that the UK’s national debt was equal to the income the UK was able to generate; in short, debt was at 100% of GDP. This last occurred in the 1960s - and resulted in the following decade, the 1970s, being extremely difficult for ordinary people, with standards of living declining sharply across all demographics, something which, inevitably, hit those who were already experiencing poverty the hardest. The 1970s saw a massive loss of manufacturing in Britain - historically, the on...