Fraser Nelson

A bundle of debt

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If you’re sitting down, have a look at this government debt projection. One of my favourite parts of the Budget is the Maastricht Treaty debt, calculated under a definition the Treasury cannot wangle. Have a look at this and remember – you’re paying for it. 

  Debt, £billion
2006-07 574
2007-08 616
2008-09 679
2009-10 728
2010-11 771
2011-12 809
2012-13 844

Source: HM Treasury, Budget 2008, p.184

Written byFraser Nelson

Fraser Nelson is the editor of The Spectator. He is also a columnist with The Daily Telegraph, a member of the advisory board of the Centre for Social Justice and the Centre for Policy Studies.

Topics in this articlePolitics