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, May 6, 15:07:17