UK national debt just passed £1 trillion. Ask yourself, with savage financial cuts biting the public sector, how the debt has increased. The debt is increasing! The Spectator comments “In the first 19 months since it took over, the coalition Government added £225 billion to the £779 billion debt it inherited. And it’s projected to rack up another £390 billion by the next election”. The UK will never pay that all back. In fact it may never get its public debt back below a trillion ever again. However, the UK still retains its untouchable AAA credit rating amidst a crisis across Western economies. The vision of Western economic power and credibility is an illusion.

UK national debt just passed £1 trillion. Ask yourself, with savage financial cuts biting the public sector, how the debt has increased. The debt is increasing!

The Spectator comments “In the first 19 months since it took over, the coalition Government added £225 billion to the £779 billion debt it inherited. And it’s projected to rack up another £390 billion by the next election”. The UK will never pay that all back. In fact it may never get its public debt back below a trillion ever again. However, the UK still retains its untouchable AAA credit rating amidst a crisis across Western economies.

The vision of Western economic power and credibility is an illusion.

UK national debt just passed £1 trillion. Ask yourself, with savage financial cuts biting the public sector, how the debt has increased. The debt is increasing! The Spectator comments “In the first 19 months since it took over, the coalition Government added £225 billion to the £779 billion debt it inherited. And it’s projected to rack up another £390 billion by the next election”. The UK will never pay that all back. In fact it may never get its public debt back below a trillion ever again. However, the UK still retains its untouchable AAA credit rating amidst a crisis across Western economies. The vision of Western economic power and credibility is an illusion.

UK national debt just passed £1 trillion. Ask yourself, with savage financial cuts biting the public sector, how the debt has increased. The debt is increasing!

The Spectator comments “In the first 19 months since it took over, the coalition Government added £225 billion to the £779 billion debt it inherited. And it’s projected to rack up another £390 billion by the next election”. The UK will never pay that all back. In fact it may never get its public debt back below a trillion ever again. However, the UK still retains its untouchable AAA credit rating amidst a crisis across Western economies.

The vision of Western economic power and credibility is an illusion.

Posted 1 month ago & Filed under Islam, UK, debt, public debt, coalition, cuts, 7 notes View high resolution

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  1. hassan posted this

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A blog for my thinking and perspective on events from an Islamic Angle. It's all quick thoughts, original content, sharp reminders or links to really interesting stuff.

It's how I view the world from East London. Sometimes I post on a topical issue that can be seen from many angles when only one will really do. Comments welcome!

- Hassan Choudhury
[On Twitter #Hassan_MAC]

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