Wednesday 4 November 2009

National debt likely to double in four years

Daily Mail
"In research released as the Treasury unveiled its latest City rescue, the European Commission warned Britain's national debt is likely to double between 2007 and 2011 - a leap only exceeded in the EU by Ireland and Latvia.It lashed Gordon Brown's government for entering the downturn with fraying public finances, releasing estimates showing we are running the worst underlying, or 'structural' budget deficit in the EU, at twice the regional average."

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