Government policies are not reducing borrowing or debt levels

[The Prophet]

In 1997/98 public sector net borrowing was £9.1bn
By 2004/05 it was £39.1bn.
In 2009/10 it stood at £156bn with our total national debt at £760bn.
In the current year the total debt will have reached £909bn

Since 1998 inflation increase 36% but borrowing increased 1,600%.
So much for cutting spending back then!

[Sadie20]

With all the cuts announced, it is surprising that borrowing is still increasing.

[Philofacts]

The deficit is likely to be £122billion this year. 
That is the difference between what UK plc has coming in and what it actually spends each year.
Our current overall national debt is 62% of UK GDP at £966billion.  This year's deficit will take the total to £1,088billion