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| Britain |
| Bank bailout could add £1.5tn to public debt, taking it to 100% of GDP, warns ONS |
| 2009-02-19 |
| 2.15tn USD |
| Posted by:tipper |
| #1 'As the deficit rises, Mr Darling may well need to find a way of further convincing the markets of the UK Government's credibility - with the possibility of further future spending cuts and/or tax rises.' So perhaps there will be cuts in Britain's absurdly high social security (welfare) payments in the near future... since a rise in taxes would definitely make the economy worse. |
| Posted by: trailing wife 2009-02-19 13:01 |