UK economy – tracking the astrology

The latest UK economic figures are uncomfortable in fiscal terms but do back up the astrology, which in a perverse way is reassuring. Statistics up at stratospheric levels tend not to mean much but the gross debt is £2.2 trillion as of December 2020, equivalent to 104.5 per cent of GDP and 13.7 per cent above the average across EU states. UK indebtedness as a proportion of GDP is two-and a half times higher than at the height of the 2008 crash and UK government debt is now at a rate not se