The Bankwatch

Tracking the consumer evolution of financial services

UK is a clear outlier in debt growth over last 20 years

This is a stunning graphic from McKinsey, and brings home why George Osborne is relentless on his mission to reverse government borrowing.  This looks at the Rogoff/Reinhart model of total debt and the UK is a clear outlier over the last 20 years.

Debt and deleveraging: Uneven progress on the path to growth | Mckinsey Global Institute

image

Written by Colin Henderson

March 26, 2012 at 23:16

Posted in Uncategorized

%d bloggers like this: