A trillion and rising: Britain’s £1,000,000,000,000 debt means we now pay as much in interest as we do for defence

Daily Mail
"Britain's debt has grown to a hitherto unimaginable level, it emerged yesterday – smashing the £1trillion barrier for the first time.Government borrowing hit £1,000,389,000,000 at the end of March – or £40,000 per household – the Office for National Statistics said.The figure is so enormous, equivalent to more than one million million pounds, that the country must pay £40billion interest on it in this year alone – roughly what is spent on the entire defence budget.It follows unprecedented levels of spending under Labour which saw the Government borrow nearly £450million a day under Gordon Brown. But the £1trillion figure does not include items such as the cost of public sector pensions and private finance initiatives.Experts believe the true debt, including these hidden items, is between £4trillion and £5trillion."