FTSE 100
Dow Jones

Wednesday, 22 April 2009

OK, here are the big numbers from the pre-Budget leaks

The UK government will try to issue more than £200bn worth of gilts this financial year, about £50 billion more than the Debt Management Office estimated last month.

About £25 billion of gilts fall due for redemption in the same period, so public borrowing is set to rise by £175 billion in the year.

Spread equally across the whole population, the proportionate share of the additional debt for a typical family of four would be equal to the cost of buying an extra TV license.


Every week for a year.

No comments: