When did the UK’s national debt hit record levels?

Michael Blastland explains:

1946,

1947,

1952,

1953,

1954,

1955,

1956,

1957,

1958,

1959,

1960,

1964,

1965,

1966,

1967,

1968,

1972,

1973,

1974,

1975,

1976,

1977,

1978,

1979,

1980,

1981,

1982,

1983,

1984,

1985,

1986,

1987,

1992,

1993,

1994,

1995,

1996,

1997,

1998,

2004,

2005,

2006,

2007 and…

2008.

This is what happens when we write about records while ignoring inflation and economic growth. The full piece is well worth a read.

Tim Harford’s blog

This blog is no longer updated but it remains open as an archive.

Tim, also known as the Undercover Economist, writes about the economics of everyday life.