Tuesday, May 18, 2010

Britain's true national debt at 2 trillion pounds!

Brown lied. What a shocker.

On the national debt, the independent Institute for Fiscal Studies said yesterday that public debt could double from Labour's official figure of £890billion to a staggering £ 1.79trillion (£1,790billion), once the massive bill for public-sector pensions plus schools and hospitals built under Mr Brown's cherished 'private finance initiative' is taken into account.

A Daily Mail analysis today suggests the final figure could be higher still, at £2.24trillion. Carl Emmerson, of the institute, said 25 per cent cuts would be necessary in government departments outside those being protected by the coalition - the NHS and overseas aid.

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