Thursday 19 February 2009

Britain faces years of tax rises as bank bailouts add £1.5 TRILLION to public debt

Daily Mail
"Britain faces years of tax rises and huge cuts in public spending as the government battles to control public debt that could soar to £15 trillion, an official report has revealed."
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Welcome to Brown's Billions: a farce remade as a tragedy
"In Brown's Billions, a Scottish finance minister gets his hands on as much money as he can and spends it all. In a decade-long splurge, he pumps up public spending, vastly extends welfare entitlements and blocks the meaningful reform of public services. With the credits ready to roll, he – and we – have very little to show for it.
Just how much has been wasted becomes apparent on a reading of a powerful new report published this week by Conservative Home. Bankrupt Britain is by Malcolm Offord, a City fund manager. It is dynamite." (Telegraph)
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