26 March 2009

The mind blowing statistic that will make Cameron shudder

The FT’s Westminister blog quotes this mind blowing statistic:

The FT’s resident economics guru Chris Giles has a flabbergasting explanation of the scale of the debt the government is raising in the next two years: £350bn.

That is more debt bequeathed to its successor than the total borrowed by successive rulers and governments of Britain between 1691 and 1997, the year Labour was elected.

Is anyone serious about wanting to win the election?

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