Government pledges to halve £1000bn debt by 2014
The government has pledged to reduce the national debt of more £1000bn by half within four years as part of the Fiscal Responsibility Act.
According to the latest forecast public sector debt will be £1406 in 2014-15, with the borrowing is forecast in the 2010 Budget estimated at £1067bn - 11.8% of the national GDP.
Speaking in the in
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