|A NORTH BRITISH LABOUR BOGEYMAN|
Official figures, from the Office for National Statistics, show the total public sector debt is estimated to be £876billion, equal to £33,100 per household.
If the debt from the banks rescued by the State is included, the figure balloons to £2,252billion, according to the ONS. But the Centre for Policy Studies think-tank says in a report that the real figure is £3,617billion, which is four times larger than the original ‘bank-free’ figure.
That is the equivalent of £138,360 each if it were divided between all the 26million households in the country. It is also the equivalent of 240 per cent of Britain’s economic output.
That is why Labour should never be allowed to have control of the nation's finances, either the UK or SCOTLAND ever again! Don't give me pish about a Global recession. Labour let the banks do what they wanted because they don't understand money. Every time they're in power it costs the British people fortunes.
It's like making the tea lady the Managing Director!