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Taxpayers across Britain face 'ticking time bomb' as council debt soars to record level
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GB News
Taxpayers across Britain face 'ticking time bomb' as council debt soars to record level
Local authority debt across the UK has reached £156.4billion within the last year, new research has revealed.
The staggering figure represents a £6billion or 4.1 per cent increase on the previous year, the TaxPayers' Alliance has confirmed.
The net debt of the public sector has now reached over £2.9trillion, which is now 93.7 per cent of GDP.
Of the £154billion, 75 per cent of the debt was loaned from the Public W…
12 Jul, 23:01