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Wednesday 05th of August 2009

News Tag: national debt

July 31, 2009

Economic forecasters warn of 3.8 million unemployed

by Gill Montia
Economic forecast warns of 3.8 million unemployed
The Centre for Economics and Business Research (CEBR) and the TaxPayers' Alliance have joined forces to produce a doom-laden forecast for the UK economy. A report published today highlights "the dangerous reliance of the Treasury on optimistic predictions of the future economy" and goes on to predict up to 3.8 million unemployed, in a worst case scenario. Research backing the study ...

February 19, 2009

Bank bailouts push national debt up by £1.5tn

by Kay Murchie
Figures released by the Office for National Statistics today have revealed that national debt could be pushed up by as much as £1.5 trillion, following the bailouts of Royal Bank of Scotland (RBS) and Lloyds TSB. Billions of pounds were injected into the two banks last autumn to prevent them from collapse. Furthermore, both Northern Rock and Bradford & Bingley ...