Britain's debt reaches one trillion pounds
LONDON: Britain's debt mountain has risen to one trillion pounds (over $1.5 trillion) for the first time, The Sun reported Wednesday.
Ministers have confirmed the long-expected milestone is equivalent to 16,400 pounds per citizen of the country.
Government debt now stands at 1,003.9 billion pounds -- 64 percent of Britain's GDP. It is up from 883 billion pounds a year ago and the highest since records began in 1993.
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deena's analysis:
Another nail in the Coffin.
Another nail in the Coffin.
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All views and opinions expressed are those of the individual posting them and are not necessarily the views of Rap-Con.com or its operators.
Economy and security
Sat, 01/28/2012 - 03:29What so many around the world fail to realize is that this system is failing for a reason, it will cause turmoil, and so many are unprepared. This is an issue that I've been trying to warn many people about and it just doesn't seem to sink in. Money touches every part of our lives here in the West, for that reason I think we in America and Europe will see the hardest hits when a collapse comes. We are a consumer society. The trauma will be very shocking for so many that indeed many hearts will fail over what is to come.
http://www.telegraph.co.uk/news/uknews/defence/8993452/Debt-crisis-is-bi...