cuts

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