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Wednesday 17 November 2010

Why I won’t support the ‘no cuts’ protests

Depending on who you believe, and what is included, the UK national debt is somewhere between £800 billion and £4.8 trillion (which is £4,800 billion).

The Office for National Statistics (ONS) estimates that the total debt, excluding bank bail-outs, is £816bn. But this figure doesn’t include the state’s pension liabilities, in a contravention of standard accounting practices. (more…)


Filed under: Manchester,Politics — GS @ 9:54 am
 
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