Hi, I need help with essay on What factors account for the current level of public indebtedness in the UK and what economic and fiscal measures can the UK Government use to reduce that level of debt in the next 5 years. Paper must be at least 1750 words. Please, no plagiarized work!
Even in the countries with no major affected of the financial crisis, the national debt rose approximately 20% in 2007 to 2009. United Kingdom is one of the five countries with systaltic financial crisis. In these countries the national debt is approximately 75%. Like the rest of the world, UK is greatly affected by the financial crisis that led to an increased budget deficit and public debt. The situation was alarming as the public sector total debt was £1, 231 .7 billion by the end of November 2013, equal to 76.6% of GDP (ONS public sector finances, 2013).