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General (General discussion, talk about anything.)
Started by: gaffer (7982)
Whichever party wins the next election the financial situation will severely restrict the room for manoeuvre on public spending. In this financial year government revenue from taxes etc. will be £37,000 per household. Government spending will be £42,000 per household leaving a structural deficit of £5,000 per household (£132 billion in total).
Debt interest payable will be £94 billion. That’s more than we spend on education,£81 billion or defence,£32 billion.
Replied: 14th Dec 2023 at 11:50