Given the ring - fencing of the NHS (# 122bn this year) and international aid, the likelihood of still rising welfare payments (though there may be more savings here) and
the exploding debt interest payments, many departments will be on very thin gruel.
Not exact matches
So the «magic of compound»
interest to savers means an equal «magic of
exploding debt» to somewhere else in the economy.
Making minimum payments on your credit card balance can
explode your
interest costs to nightmarish proportions to where it could take years to pay down the
debt.