Telegraph
"..it also takes the overall level of net debt as a proportion of gross domestic product to 56.6pc, the highest on record. The figure includes the liabilties of Northern Rock and Bradford & Bingley. “The poor fiscal backdrop represents something of a time bomb,” said Richard McGuire, a strategist at RBC Capital Markets.The scale of Britain's deficit and how to fix it is already emerging as a key issue for the next general election. The Conservatives have accused Gordon Brown of threatening the economy with financial ruin unless a plan to roll back the deficit is made clear..."
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