Uk National Debt Hits £2.2 Trillion

If you think you have debt problems then this news might make you feel better. According to recent figures, the UK’s national debt will soar to £2.2 trillion this year partly as a result of the government bail out of Lloyds TSB and the Royal Bank of Scotland. The shadow chief secretary to the treasury said, “This is just the beginning of Gordon Brown’s debt crisis.”

It is estimated that the bank bail outs this year have added between £1,000 billion and £1,500 billion on to the UK national debt.