Friday, 3 April 2009

Beaten by the Japanese, Italians, French etc ...

There is a curious myth that the UK government has the most debt in the world, ever. Daniel Hannan's oft-watched European speech rests heavily upon the claim. He cites the IMF as a source.

But this is what the IMF said in this recent report (the numbers are percentage of debt to GDP - a measure of debt to the size of a country's economy):

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