If you’re sitting down, have a look at this government debt projection. One of my favourite parts of the Budget is the Maastricht Treaty debt, calculated under a definition the Treasury cannot wangle. Have a look at this and remember – you’re paying for it.
| Debt, £billion | |
| 2006-07 | 574 |
| 2007-08 | 616 |
| 2008-09 | 679 |
| 2009-10 | 728 |
| 2010-11 | 771 |
| 2011-12 | 809 |
| 2012-13 | 844 |
Source: HM Treasury, Budget 2008, p.184
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