12 July 2010, 7:37am
The true scale of the national debt is £2 trillion – more than twice the official figure, an alarming study shows.
The black hole in the public accounts equates to £78,000 for every household in the country.
The ‘real’ state of the national finances is exposed in a study published today by the Centre for Economics and Business Research, which warns of a series of mammoth debts that aren’t revealed by the official figures.
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As we said when the Greek crisis erupted, financial trends are like fashion trends, they start in Europe and end in America. The fundamentals of the western banking system were born in the UK during the Rothschild era, and if they underestimated their numbers imagine how bad our numbers really are? BK
