Fri
Apr
24
I try not to swear on this blog*
but holy sh!t f@ck, it only hit me today just how much the UK government is borrowing, when I read this article today (Camilla Cavendish in the Times), and specifically, this quote:
“By next year the Treasury expects debt interest payments to equal spending on education and defence combined.”
That’s a whole lot of borrowing.
I’m scared. Especially when I read a little later on, that the public debt to GDP ratio isn’t likely to return to 40% until February 27th 2032!
* (I save that for my other tumblogs: More News From Nowhere and Throwing Nothing Away)
