Wednesday, Nov 04, 2009

Didn't know we had a Transport Bill?!

Telegraph: UK interest costs 'equal to entire Transport bill'

"The surprising bluntness of the warning... will be seen as a direct rebuke to Gordon Brown, who repeatedly ignored IMF advice in previous years to cut the deficit and leave the UK better-placed for future downturns."
"In 2007 the proportion of tax revenues devoted to paying debt interest was just 4.2pc. This will increase to 8.3pc by 2014."

Posted by cat and canary @ 09:32 AM (686 views)
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1 Comment

1. hpwatcher said...

It seems to be talking a long time for people to realise that this country is effectively bust.....

Wednesday, November 4, 2009 09:36AM Report Comment

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