Friday 8 January 2010

Government debt mountain will consign Britain to stagnation

Telegraph
"This is pretty worrying news for us here in the UK, where, according to the IMF, the OECD and most independent forecasters, net debt is likely to rise to around 100pc of gross domestic product. In other words, the high level of debt we are incurring will stunt our growth, potentially for decades. Want the proof in black and white? Cast your eyes down this table."

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