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finance · City PM
“On average across the G7 economies, public debt now exceeds annual national income. Prior to the GFC, it was less than six months’ national income.”
more than 1 annual national income
less than 0.5 annual national income
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finance · City PM
“In the UK, public debt relative to national income has trebled in less than a generation.”
3 x
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finance · City PM
“The GFC cost the average G7 government around seven–eight per cent of GDP.”
about 7.5 % of GDP
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finance · City PM
“Covid cost more than three times that amount.”
more than 3 x
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finance · City PM
“Brexit is estimated to cost the UK perhaps four per cent of GDP.”
about 4 % of GDP
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finance · City PM
“The recent cost of living crisis cost the UK two–three per cent of GDP.”
about 2.5 % of GDP
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defence · City PM
“The ongoing geopolitical crisis, if countries step up to the 5per cent of GDP target for defence spending suggested by NATO, could cost an extra two per cent of GDP per year.”
2 % of GDP per year
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business · City PM
“Entry and exit rates for UK firms are around a third lower today than at the time of the GFC.”
about 0.33 x
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world · City PM
“Since the GFC, fearfulness has led to rates of job churn, entry and exit, falling by around a third in the UK.”
about 0.33 x
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finance · City PM
“Productivity has flatlined since the GFC, rising at around a quarter of its pre-crisis rate.”
about 0.25 x