Our debt

Published: 29 July, 2010

• A SPLURGE by the Labour government led to national debt to balloon before the bank bail-outs.

In 2007/08, before the bank bail-outs hit the balance sheets, we forked out £21.6billion in interest payments on our national debt.

What’s fair about spending more on interest payments to banks than on education?

You should congratulate the coalition government for reining in spending on debt, including by introducing a levy on bank profits.

LEE BAKER
Regent Square, WC1