Yeah, our Government debt is around 90% of GDP isn't it, around £1.8 trillion. I guess it puts that £1.2 trillion in assets to bed.It's got a lot of assets, but a truckload of debt too. In one sense I admire Corbyn for making ambitious very long-term plans, it's just that even if gets a five year term, the next PM can obviously scrub them.
But that's not going to come down until we
a) have a Government that can nearly balance the budget
or b) Get some proper Growth
Tories are the worst at both.