Sunday, 25 December 2011

British debt is equivalent to 950% of GDP

The amount of debt accumulated in Britain is already equivalent to 950% of Gross Domestic Product or GDP. To all effects, as a country, we are effectively bankrupt whatever Government is in power. The whole debate about percentages is absolutely useless.

Conservative, Labour and Lib Dem can talk about percentages but those percentages are absolutely useless because they don’t want you to see the real Britain and what it has become after decades of financial mismanagement. A comparative table shows you exactly where we are right now.

Tony Blair made a point of talking about a Britain of services and services referred to, specifically, the financial sector driven by speculation.

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