UK National Debt – Not the Deficit Stupid – THE DEBT

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UK national debt

Why do brainwashed Tory Ministers on Question time.

1. Within 3 mins, blame the last government (after 3 years) for all things economic ?

2. Avoid THE NATIONAL DEBT like the plague, always only ever referring to the DEFICIT ?

Read some of the REAL story about our national debt and the problems we are racking up for the nation and it’s children – follow the links below.

The UK national debt is the total amount of money the British government owes to the private sector and other purchasers of UK gilts.Public sector net debt was £1,111.4 billion at the end of December 2012, equivalent to 70.7 % of GDP.Source: Office National Statistics publications[1] page updated Jan 23rd 2012

via UK National Debt – Economics Blog.