Public spending set to reach 50% of national income as Darling plans years of tax hikes

Daily Mail
"Alistair Darling will admit in the Budget that public spending will jump to nearly 50 per cent of national income in the next financial year - the highest figure since 1982.
The Chancellor is also expected to reveal annual public borrowing will hit almost £175billion in the next two years. At a rate of 12 per cent of national income in the next financial year, that would create the worst deficit since World War Two.