Credit Crunch Twice As Costly as the Great War!

Kaiser Wilhelm

The Taxpayers Alliance has done work into the cost of predicted government borrowing spends following the Pre-Budget Report. Taking into account inflationary costs and other such factors they came to the following figures:

World War One Total Debt Increase: £255,106,544,018

Total Debt planned 2008/09 – 2013/14 (PBR): £512,000,000,000

Nothing too disconcerting then…

For the original article click here:

http://www.taxpayersalliance.com/media/2008/11/politicscouk-prebudget-borrowing-double-that-of-wwi-.html

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