Sunday, 26 October 2014

Britain's huge debt pile poses risk to UK recovery

At £52.1bn this year, debt interest is projected to be higher than the day-to-day spending budgets of the Business, Innovation and Skills and Defence departments combined, and almost as much as the education budget.
The Office for Budget Responsibility has forecast that debt interest payments will rise to £75.2bn by the end of the 2018-19 fiscal year."

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