UK Debt Passes £1 Trillion for The First Time!
- The UK pound is better/safer than the Euro? Haha that’s a good one! The Illuminist banksters and their politician puppets are piling on more debts upon existing debts. The entire world is burdened by an insurmountable mountain of debts. There is no intention of resolving this. There is every intention of triggering a global cataclysmic collapse leading to world war!
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UK debt passes £1 trillion for the first time!
By Szu Ping Chan, http://www.telegraph.co.uk/
The UK Treasury has blamed “unsustainable” levels of spending by the last Labour government for public debt rising above £1 trillion for the first time.
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Public sector net debt excluding financial interventions, such as bank bail-outs, rose to £1.004 trillion in December, as the Government borrowed nearly £14bn last month despite its continued austerity drive.
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The £1 trillion figure was the highest since records began in 1993, and represents 64pc of GDP. The Treasury has not recorded an annual surplus since 2001/02, when it repaid £243m into the nation’s coffers. The Government has forecast that servicing Britain’s debt will cost £47.6bn in the current financial year, rising to £65.5bn in 2016/17.
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A Treasury spokesman said: “That our national debt has reached more than £1 trillion simply shows the unsustainable level of spending this country built up over the past few years, and shows why it is critical for our nation’s future that we deal decisively with the deficit.”
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The Office for National Statistics (ONS) said it expected the figure to ease back in January due to tax inflows, but to rise again in February.
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And in the midst of all this self made debt Queen Lizard is thinking of buying a new multi million pound yacht to which the puppet government are ‘strongly considering’ !! They have turfed all single parents onto the dole and expect them to find a job in the middle of the worst recession the UK has ever seen…. they are turfing disabled people onto the dole and also expect them to find a job, and are making 5,000 service men redundant and turfing them onto the dole too!
To get their plans of NWO doom and gloom into play they also have a team of nazi’s lined up who will be paid to fin unnemployed people a job… so they will be shuving everyone into the crappiest jobs going just to get their bonus payment! They also have the power to call the unemployed ‘victim’ at any time and expect them to drop everything and dash off to see them at their command for a grilling or to attend a course… and they have been granted the power to stop benefit payments from a month to permanently. Next step is the reformation of the workhouses.