Five facts about Labour’s Debt Crisis

Five facts about Labour’s Debt Crisis
• We’re borrowing money at a rate of around £6,000 every second – every five seconds, the Government borrows more than the average British person earns in a year.
• This year, we’re expected to borrow almost 14 per cent of our GDP – almost twice as much as when we nearly went bust in the 1970s.
• We’re spending more money on the interest on our debt than on almost anything else.
• We have the biggest budget deficit of any large economy.
• Last week, we had the worst public borrowing figures for any December on record.