&gt; No, we are borrowing from each other in the present.<p>Not according to the Bank of England.<p><a href="http:&#x2F;&#x2F;www.bankofengland.co.uk&#x2F;publications&#x2F;Documents&#x2F;quarterlybulletin&#x2F;2014&#x2F;qb14q102.pdf" rel="nofollow">http:&#x2F;&#x2F;www.bankofengland.co.uk&#x2F;publications&#x2F;Documents&#x2F;quarte...</a>