Friday, 15 February 2008

The Brown Bubble (2)

Our national debt is now twice as much as the Chancellor's 'sustainable' figure, according to the pretty reliable Institute for Fiscal Studies. I can't find the actual press release on their website yet, so we'll have to go with The Guardian's summary. I'm not even sure if this includes a provision of £20 billion-odd for potential losses on Northern Rock etc.

Hat-tip.

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