Treasury spending 'at higher level than in First World War'

Telegraph
"The full scale of the Government's spending spree has been laid bare by research that shows the Treasury is now spending more than it did in the thick of the First World War. ...Spending will this year surpass the 46.5pc of private sector gross domestic product level it hit when the Government was spending millions on mobilising troops, building weapons and financing trench warfare in 1917."