The base rate climbed steadily to 5.5% in 2008 before the global financial crash, after which it plummeted to 1.5% within one year as the Bank attempted to stimulate investment and consumption.
This chart shows a positive trend in the growth of global debt, growing from $87 trillion in year 2000 to $199 trillion in 2014.
The chart demonstrates the vast disparities in wealth per adult across the world. North America and Europe hold 65% of the world’s wealth, whilst only accounting for 18% of the world’s adult population.
The public sector finances for the financial year 2015/16 were recently released, showing that Public Sector Net Borrowing (excluding publicly owned banks) fell to £74bn (from £91.7bn in 2014/15).