Speeches

Lord Birt – 2014 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Lord Birt on 2014-06-27.

To ask Her Majesty’s Government whether the ratio of the aggregated value of sovereign, corporate and personal debt to gross domestic product is higher in the United Kingdom than in other leading economies.

Lord Deighton

The aggregate value of general government, non-financial corporations and household sector debt (as a proportion of GDP) for all G7 countries are shown below:

Country

Debt as a proportion of GDP in 2012

Canada

347%

France

335%

Germany

248%

Italy

329%

Japan

476%

UK

309%

US

320%