Amity Island
Well-Known Member
- Relationship to Diabetes
- Type 1
"With the debt now matching the size of the economy, this needs to be a watershed moment for all politicians, but particularly the chancellor, to recognise that the situation is unsustainable.
"Getting a grip of the national debt should now be a top priority for the government, with future generations set to be hit hard if it follows the big spending philosophy of its predecessors."
uk.news.yahoo.com
"Getting a grip of the national debt should now be a top priority for the government, with future generations set to be hit hard if it follows the big spending philosophy of its predecessors."
National debt at 100% of GDP for first time since 1960s
The UK's public sector debt has hit 100% of the value of the country's annual economic output for the first time since the 1960s, according to official figures released ahead of the chancellor's maiden budget. The Office for National Statistics (ONS) said, in a preliminary estimate, that the...