Jonathan Loynes, chief European economist at Capital Economics, said that borrowing is set to spiral further next year. "With the bulk of the impact of the economic downturn yet to be seen and growing signs of a structural black hole, borrowing looks set to surge towards £200 billion per annum next year," he said.
I would ask people to consider what £450,000,000,000 (four hundred and fifty thousand million) using the American one billion = one thousand million). Still here? Or shortened to Labour's UK debt Mountain, £4.5 Trillion! At the moment!
These references add spice to the post!