What Would Happen To The UK
If A Madman Took Over?
Well, boys and girls, now we know!
The Treasury forecast is for a 2009-10 deficit of £175 BILLION. Over the coming 12 months we shall borrow well in excess of that. Why? Just check how rapidly a credit card bill can go up even without spending more on it as the interest soars. On this August bill alone you are looking at an astronomical interest payment. I've said it many times, we approach a point at which the entire civil service cannot be paid. Labour are well on course to spend more on interest than any other requirement. Those ten years of growth are coming back to bite!