Depression Diary

[Jimbuna]

In the UK the banks were bailed out to the tune of approximately £150 billion.

The initial cost to the citizens of the UK over the next 24 months is estimated to be somewhere in the region 50,00 job losses and massive cuts in public services (dependant on which source you enquire of......this one being UNISON the largest public sector union in the UK).

It is believed the debt may not be repaid for at least 15 years.

Banks continue to pay out huge bonus sums to the highest paid employees

[STEED]

Originally Posted by jimbuna

In the UK the banks were bailed out to the tune of approximately £150 billion.

The initial cost to the citizens of the UK over the next 24 months is estimated to be somewhere in the region 50,00 job losses and massive cuts in public services (dependant on which source you enquire of......this one being UNISON the largest public sector union in the UK).

It is believed the debt may not be repaid for at least 15 years.

Banks continue to pay out huge bonus sums to the highest paid employees

Nation’s debt equivalent to £26,100 for each British household.

http://www.debtbombshell.com/

The UK national debt is the total amount of money the British government owes to the private sector and other purchasers of UK gilts.
From figures published February 18th 2010, UK public sector net debt was £848.5 billion. (or 59.9% of National GDP) – Source: Office National Statistics
Excluding Financial sector intervention, public sector debt is £743 billion or (52.7% per cent of GDP)
The PBR (annual government borrowing) forecast for 2009/10 is for net borrowing of £178 billion or 12.6% of GDP.