Taxpayers will stump up over £850bn over the next 6 years just to paythe INTEREST on this countrys debt. This is the cost of servicing a new debt of £3trillion and this year alone we will have to find an extra £14.5bn more than was anticipated just 7 months ago.
This is a ridiculous amount of money which can no longer be spent on defence or the NHS or anything else for that matter!!! UK Bonds have been badly hit and, as labour are unwilling the wield the axe then borrowing is going to get worse.
There is no end in sight sadly.