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).
Public sector finance data for the financial year 2014/15 was released at the end of last week, so we’ve updated our annual chart tracking historical UK government debt over the last 160 years.
With the annual UK Budget due this afternoon, we’ve updated our yearly chart showing the central government finances per person.