Comment by Hilift
7 hours ago
Switzerland is the land of gobs of cash and gold. The UK is having difficulty making ends meet for basic infrastructure like the £20 billion in debt for one water company. UK debt is 96% of GDP (£2.8 trillion, £16.4 billion monthly interest payment). Switzerland debt is 38% of GDP.
The national debt in Switzerland is so low because of a constitutional rule that limits spending to match revenues since 2003. In practice, this has led to lower debt.