when will the uk national debt be paid off
United Kingdom national debt Due to the Government's significant budget deficit, the national debt is increasing by approximately £73.5 billion per annum, or around £1.4 billion each week.[2] The Conservatives pledged in 2010 that they would eliminate the deficit by the 2015/16 financial year.[3] However, by 2014 they admitted that the structural deficit would not be eliminated until the financial year 2017/18.[4] This forecast was pushed back to 2018/19 in March 2015, and to 2019/20 in July 2015,[5] before the target of a return to surplus at any particular time was finally abandoned by the then Chancellor of the Exchequer George Osborne in July 2016.[6]
List of former European colonies Britain and United Kingdom
National Insurance NI was first introduced by the National Insurance Act 1911 and expanded by the Labour government in 1948. The system was subjected to numerous amendments in succeeding years.
1 + 2 + 3 + 4 + ⋯ which increases without bound as n goes to infinity. Because the sequence of partial sums fails to converge to a finite limit, the series does not have a sum.