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…

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