Britannia Radio

We reveal the true extent of UK national debt NUMBER CRUNCHING £890 billion (£0.89 trillion) Official public sector debt quoted in the Budget by the Government £7,900 billion (£7.9 trillion) Real national debt, according to TaxPayers' Alliance calculations Today the TPA revealed the true and alarming extent of national debt, with a brand new report entitled The Real National Debt: A Decade of Reckless Growth. Click here to read coverage of this report in The Sun newspaper Our research has found that the official Government figure for national debt is much lower than the true amount that the UK Government (and therefore UK taxpayers) currently owes, and that the real national debt has mushroomed over the last decade. Click here to read the full report These worrying findings show that at the end of 2009-2010 the real national debt stood at £7.9 trillion - that's over £300,000 for every single household in Britain, and what's more, during the last decade debt has more than tripled, soaring from 230 per cent of GDP (£2.3 trillion) up to 560 per cent of GDP (£7.9 trillion). Our accompanying video shows the extent of the real national debt: Click here to watch it! We know that such large numbers can be difficult to imagine, so to help you grasp the true scale of the real national debt we've produced a short video in conjunction with Mike Denham, the report author. We encourage you to take a look and share this video with your friends and family - it's important that the public are aware of the financial mess government spending has left them in... To watch the video click here We want to emphasise that the official national debt (quoted by the Chancellor in his budget) hugely underestimates taxpayer liabilities and relative to GDP this is by far the biggest national debt we have ever had in this country since records began. Our measure of the real national debt is gross debt (total debt) valued at market prices (the market value of the debt). It includes the following items (2009-10): The official public sector debt quoted in the budget – £890 billion (£0.89 trillion) Unfunded public sector pensions – estimated at £1,283 billion (£1.28 trillion) Unfunded state pensions – estimated at £2,717 billion (£2.7 trillion) RBS/Lloyds debt – £2,585 billion (£2.6 trillion) Other – including the Local Government Pension deficit, PFI, and nuclear decommissioning – £398 billion (£0.4 trillion) At March 2010, we've calculated that the total debt stood at an enormous £7,873 billion (£7.9 trillion) We want to emphasise that the official national debt (quoted by the Chancellor in his budget) hugelyunderestimates taxpayer liabilities and relative to GDP this is by far the biggest national debt we have ever had in this country since records began. Forward this email and share the video link to let others know! www.taxpayersalliance.com