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Britain is teetering on the edge of bankruptcy and we are jointly and severally liable, says Jacob Rees-Mogg
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Britain is teetering on the edge of bankruptcy and we are jointly and severally liable, says Jacob Rees-Mogg
£3trillion. Did you know that we're jointly and severally liable for it? It's the debt of the nation.
The Government doesn't have any real existence beyond the people, and the thing that guarantees the debt is what we pay in taxes.
And the taxes have to go up to pay the debt in the end, so we all share in responsibility for this £3trillion.
But unfortunately, it's worse than that because the Government has a defi…
6 Aug, 19:55