Britain`s "Real Debt" Is Now £78,000 Per Familyposted on 21 July 2010 | posted in General Category | ( 0 ) CommentsBritain`s `real debt` is £78,000 per family Research by the Centre for Economics and Business Research (CEBR) has found that the `true scale` of Britain`s national debt is actually £2 trillion - which is more than twice the amount claimed to be the official figure. This means that there is £78,000 of debt for every household in Britain. Britain`s national debt, which is predicted to reach £932bn by next spring, doesn`t actually include expenses such as the cost of civil service and town hall pensions, or projects funded under the Public Finance Initiative. With the inclusion of these expenses, the official figure would be £1.13 trillion higher than it is now. If the national debt stood at this level, it would equate to 138% of GDP (Gross Domestic Product - a measure of economic activity) We recently reported that the debt was £65,000 per household, but these new figures are a big increase and it shows just how much trouble the country is currently in. Share this blog entry:
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