30 May 2010

Britain's "Mountain of Debt"

While listening to the BBC this week, I heard a recitation of the spending cuts proposed by the new goverment.  I was quite impressed, and pleased to hear that an administration was undertaking such an unpleasant and unpopular task.

Then... I saw this cover of The Independent.  The red boxes show how much the debt is being cut...

Via The Daily Dish.

1 comment:

  1. AdamMay 31, 2010 at 4:18 AM

    I think that cover is a bit misleading. The £6bn in cuts is not a reduction in the national debt but a reduction in the budget deficit (how much we're adding to the debt this year). The debt's still going up and up, but this year it will *only* go up by around £156bn. Will we ever see a budget surplus?

    ReplyDelete