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to top 11%.
Historically , our debt burden was heavier after World War II. But like any loan, if the money isn't invested wisely we end up borrowing even more. When the Government runs up huge debts and produces nothing to show for it, we're the ones that shoulder the burden. This year that burden will grow by £167.9BILLION.
The state has been wasting our money for decades. Weak politicians have bribed voters with endless amounts of borrowed cash. As a result, in 2010 the interest on the national debt will cost £42.9 BILLION a year. That's more than we spend on defence, and not much less than the entireeducation budget.
Future generations won't thank us for mortgaging their future. At best, national debt will be a millstone round our children's necks. But if lenders lose faith in Britain there could be profound consequences for our currency, our country and our lives. Read on for the complete guide to Britain's debt »TAKE COVER
* We owe £27,854 for every man, woman and child * That's more than £59,623 for every person in employment * Every household will pay £2,000 this year, just to cover theinterest
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