The Mail Online

[Bugsy]

I know [:P]  but this really is a well written article on the true situation in the UK.

"Meanwhile, our national debt — what we owe as a nation — continues to soar. According to International Monetary Fund projections, it will increase faster over the next two years than any other leading European country apart from Spain. Proportionate to the size of our economy, our debt is one of the two or three highest in the developed world. When the Coalition took over, it stood at a stonking £1,002 billion. By the time of the next election, it will have risen to an unbelievable £1,613 billion."

[NormanH]

There was something in the same vein in the Telegraph yesterday (and you can imagine I am not a fan of that newspaper, except that in the past some of the articles were well-written even if I disagreed with them )

http://www.telegraph.co.uk/finance/financialcrisis/9272356/Turn-off-your-iPad-David-Cameron-and-start-dealing-with-Britains-debt.html

The " government is “dealing with the debt” in

the same way that George Best dealt with the drink: bingeing on it. Ours has

increased more than any eurozone member’s. And still, as his iPad will soon

tell him, the government envisages no economic improvement to speak of by

2015. Britain’s deficit won’t be abolished. It will still be there – indeed,

it will be the largest in the Western world."