"The UK government will try to issue more than £200bn worth of gilts this financial year, about £50 billion more than the Debt Management Office estimated last month.
About £25 billion of gilts fall due for redemption in the same period, so public borrowing is set to rise by £175 billion in the year.
Spread equally across the whole population, the proportionate share of the additional debt for a typical family of four would be equal to the cost of buying an extra TV license.
Twice.
Every week for a year."
I am not a sheep, I have my own mind
I have had enough of being told what and how to think
Whilst we are still allowed the remnants of free speech,
I will speak out.
I also reserve the right to discuss less controversial matters should I feel the urge.
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Friday, 24 April 2009
Those budget big numbers in perspective
Alex Masterley puts the UK debt into perspective.
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