Four reasons to fear ballooning government debt

When the financial markets wake up to the real state of Western governments’ finances, it won't be pretty. Bengt Saelensminde explains why, and how to protect your wealth.

Without any fanfare, the Office for National Statistics made a subtle change to our national accounts last week and the results aren't pretty.

By bringing our accounting into line with European standards, the ONS concludes that Britain is actually a further £127bn in the red. And not just that, the new accounts also show that the government has racked up a cool £1.4 trn in debt on our behalf.

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Bengt graduated from Reading University in 1994 and followed up with a master's degree in business economics.

 

He started stock market investing at the age of 13, and this eventually led to a job in the City of London in 1995. He started on a bond desk at Cantor Fitzgerald and ended up running a desk at stockbroker's Cazenove.

 

Bengt left the City in 2000 to start up his own import and beauty products business which he still runs today.