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Wednesday, September 16, 2009

Britain is bankrupt

Britain is bankrupt

We are now officially a third world country. Predictions are that the national debt is set to rise to £1.4 trillion. And, "the Treasury expects to be paying out £63 billion on interest payments on the national debt".

What I would like to know is, how much of this £63 billion of taxpayers money will be going to banks which our government has already bailed out with grants of taxpayers money?

Given our third world status, shouldn't the International Monetary Fund be writing off our £1.4 trillion debt?

1 comment:

jo said...

Hi John

I would say that on top of being bakrupt Britain is corrupt to the bone marrow.....