Tricky - I do know the difference between the National Debt

and PSBR.

National Debt is the balance of debt owing at a specific moment of time.

PSBR is the amount borrowed by the state in a tax year.

Thank you, I do know the difference !

Now what was the national debt in 1997 when New Labour came to power in absolute terms, i.e ? bn
and what is it now in absolute terms ?

Posted By: oh arr on May 6th 2005 at 15:07:17


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