As the world economy contracts, global debt surges. The IMF have said it will increase by 13 per cent to reach 96.4 per cent of GDP this year. Global debts are the highest they have been since WWII, at a staggering $250 trillion. That debt takes many different forms: some of it, like UK Government […]
debt jubilee
“When the wellbeing of your country is at the whim of rich governments and financiers, you often don’t have a back-up plan. You try and get on with things the best you can. By cancelling this year’s debt in order to give these countries a fighting chance, it will be a step forward in taking on the unsustainable debt crisis worldwide.”