Like Mr Micawber, Britain finds itself in a debtors' prison

Telegraph
"...Mr Micawber ended up in a debtors’ prison. The UK economy is arguably already in it. The long, credit-fuelled boom is over, leaving Britons with mountainous debt which will take years to work off. To that must now be added burgeoning public debt.Rewind a decade, and the health of Britain’s public finances was the envy of Europe. In little more than two years, those advantages have ruinously been blown away. Even the Treasury admits that national debt as a proportion of GDP will rise to 80pc over the next several years . Many outside forecasters think it will be worse — more like 100pc."