Debt and Sustainability
Peter discusses the implications of sovereign debt levels, referencing a study that suggests a debt-to-GDP ratio above 90% is unsustainable. He highlights historical trends in UK national debt, noting significant spikes during wartime and the recent rise since 2010, exacerbated by the financial crisis and COVID-19. The conversation underscores the unusual nature of high sovereign debt in peacetime and the ongoing budget deficits contributing to this issue.In this clip
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Doc Malik
#283 - Peter Lawrey: "Don't Get Too Pessimistic"
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