Wednesday, 13 July 2011

The REAL cost of Britain's debt mountain: £78,000 for every family... thanks to Labour

Daily Mail
"The true size of Britain’s debt mountain can be revealed today as £2trillion – nearly £80,000 a household. Previously ‘hidden’ liabilities including the cost of public sector pensions and building projects are being published by the Treasury.They show that future payments to retired teachers, police officers and NHS staff will cost taxpayers £1.1trillion, or £1,100billion. The enormous figure, which is equal to 80 per cent of Britain’s output, is treble the combined national debts of Greece, Spain, Portugal and Ireland. The future cost of schools and hospitals built under the controversial Private Finance Initiative will pile an extra £40billion on to our debt mountain.The £1.1trillion and the £40billion come on top of the official debt figure of £909billion. The figures will appear on the Government books for the first time when it publishes full accounts for every Whitehall department.

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