Wednesday 22 July 2009

UK debt rises £213 a head in a month as economists say tax rises of £20bn a year necessary

Daily Mail
"The crisis in Britain's public finances has seen the national debt rise by £213 for every man, woman and child in only a month, official figures reveal. .....Government borrowing swelled by £13billion last month - or £213 for every person in the country - up from £7.5billion for the same month a year ago.Overall net debt now stands at 56.6 per cent of gross domestic product, the biggest figure since records began in 1974."

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