Debt and deficit financial terms explained by IFS

Name: Debt and deficit financial terms explained by IFS
Uploaded: 2013-01-11T13:17:29.000Z
Duration: 1 min 30 s
Description: Politicians use phrases like debt - or national debt - and deficit, which not all voters and viewers understand, and some MPs can appear a little confused themselves over the terms.

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Politicians use phrases like debt - or national debt - and deficit, which not all voters and viewers understand, and some MPs can appear a little confused themselves over the terms.

Andrew Neil asked Institute for Fiscal Studies director Paul Johnson, to explain the real meanings of the two figures and how they are worked out.

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UK Politics

11 January 2013