The Real UK Debt to GDP

The UK’s real national debt is projected to reach £12.1 trillion in 2024-25, equating to over £180,000 per person and more than four times the size of the UK economy. This figure, including PFI and pension liabilities, surpasses the combined economic output of Africa, Central America, Canada, Australia, and New Zealand (£11.8 trillion). This is according to the taxpayers alliance.

Since 2021, the real national debt has grown by 25%, rising from £9.6 trillion (£143,000 per person). Public sector pension liabilities alone have surged from £1.8 trillion to £2.9 trillion, an increase of over 60%.

On a household level, the debt transl

On a household level, the debt translates to £430,332, more than six times the average household debt including mortgages. The official debt forecast is £2.8 trillion, but this does not account for unfunded state and public sector pension liabilities, PFI, and nuclear decommissioning costs, which significantly inflate the real debt figure.

when we combine this with an ageing population and declining productivity, then this will be prime conditions for significant fall in pound over the coming years. @M