Hat Tip to DK for this one http://devilskitchen.me.uk/2007/12/national-debt.html
Northern Rock - The taxpayer now thanks to Badger man Alistair "Squealer" Darling & his one eye'd boss Gordon now covers all of their borrowings: retail deposits, wholesale deposits, unsecured borrowing, secured borrowing where the security actually turns out to be insufficient, collateralised and uncollaterised derivatives, onshore and offshore.
Some 100 Billion Quid, or £4000 for each household.
A government that is spending on current debt figures, some £60 billion a year more than it has coming in.
Public sector pay for pensions for the public sector, some £1 trillion quid - twice the officially declared National Debt.
Where according to official figures - an we all know how accurate they are - Net debt was £511.3 billion at the end of October, compared with £480.0 billion a year earlier. The Pre-Budget forecast for net debt at the end of March 2008 is £541 billion.
Oh and all that debt racked up by the inept fucking clowns of New Labour costs money, just servicing the UK's central government debt, i.e. simply paying the interest, cost £27,424,000,000 in 2006/07 and is estimated to cost £29,100,000,000 in 2007/08 (Table 1.15: 2.1MB PDF).
In short we are sinking into the dirt faster than Gordon Brown's cock diving into Polly Toynbee's box.
Tags DEBT
Gordon Brown
Cool Britannia
Lunacy
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