angryrantz.com

There is talk of Britain’s National Debt reaching one trillion pounds.  That is £1,000,000,000,000 or £16,667 for every man, woman and child in the UK.  So in our house we owe nearly as much through the Government as we do on our mortgage!  Thanks Gordon!

We are told that “light touch regulation” and large bonuses were and still are essential to the UK economy due to the taxes raised.  Between 1997 and 2007, the tax raised from the Financial Sector totalled £85 billion pounds, but the officially predicted increase in Government debt due the financial crisis is £250 billion.  Furthermore, earlier this week the CBI announced that the true cost would be at least £100 billion more than the official estimate. It would be nice to know how many billions were paid out in bonuses by the Financial Sector between 1997 and 2007!