Friday, Apr 24, 2009
The legacy of Gordon Brown.....
Telegraph: Budget 2009: Britain's debt will not be under control until 2032
''”Debt freedom day”, when the national debt returns to sustainable levels, will not be reached until 2032 - another 23 years away, the respected Institute for Fiscal Studies said. Families could soon find themselves paying at least another £1,400 a year in tax as part of the Government’s attempts to bring public debt back under control, the IFS predicted.''
Posted by hpwatcher @ 08:22 AM (282 views) Add Comment
2 Comments
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1. mander said...
The debt will probably be written off rather than controlled. New generations will not be happy to be born in debt as their ancestors have been living a luxury life.
2. alan said...
What does this say about how NuLabour treats its young people. Babies will be 23 before the debts are paid off....all while his MP friends just sit back and fiddle expenses.
Darling and Brown have no ideas - some austerity is required 'cos we are living beyond our means!