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Will UK national debt top £100 billion by the end of this year?
Voided
Question will be resubmitted, concerns about some of the data used
Background:
After committing £50bn to rescue banks, now Government will bring spending forward to stave off recession. Gordon Brown is planning to inject billions of pounds of emergency funds into new schools and hospitals to stimulate the economy as Britain heads into recession, it emerged last night.
As the Prime Minister warned yesterday of a "defining moment" for the country, it was revealed that public spending earmarked for after the 2010 general election will be brought forward to encourage growth. Alistair Darling, the Chancellor, is drawing up plans to raid 2010-2011 Budgets and "fast-track" the money to public service building projects. But the move is another major gamble by the Government, after the £500bn bailout of the banks, because it depends on a major recovery by the time a public spending black hole emerges in 2010.
Will national debt top £100 billion pounds by the end of 2008?
Read the full The Independent article here.
As the Prime Minister warned yesterday of a "defining moment" for the country, it was revealed that public spending earmarked for after the 2010 general election will be brought forward to encourage growth. Alistair Darling, the Chancellor, is drawing up plans to raid 2010-2011 Budgets and "fast-track" the money to public service building projects. But the move is another major gamble by the Government, after the £500bn bailout of the banks, because it depends on a major recovery by the time a public spending black hole emerges in 2010.
Will national debt top £100 billion pounds by the end of 2008?
Read the full The Independent article here.
Settlement details:
As reported by the Office for National Statistics? <a href="http://www.statistics.gov.uk/instantfigures.asp">http://www.statistics.gov.uk/instantfigures.asp<;/a>
Suspend date: Tue 30th Dec 2008 3:59pm PST
Initial likelihoods: Yes: 78%
Action history:
Changed Description Sun 19th Oct 2008 3:31pm PDT by 
tisha![[Admin]](http://www.hubdub.com/images/icon_admin.gif "This user is an admin")
: ... /> Will national debt top £100 billion pounds by the end of
tisha: ... /> Will national debt top £100 billion pounds by the end of
Changed Settlement info Sun 19th Oct 2008 3:31pm PDT by tisha: show details
tisha: show details ... the Office for National Statistics? <? <a href="<a href="http://www.statistics. ... statistics.gov.uk/instantfigures.asp</a>"><a href="http://www.statistics.gov.uk/instantfigures.asp<">http://www.statistics.gov.uk/instantfigures.asp<</a>;/a>
Changed Question text Sun 19th Oct 2008 3:31pm PDT by tisha: ... UK national debt top £100 billion by the end of this
tisha: ... UK national debt top £100 billion by the end of this
Voided Fri 14th Nov 2008 1:58am PST by 
bayoubear
: Question will be resubmitted, concerns about some of the data used
bayoubear: Question will be resubmitted, concerns about some of the data used
Suspend date: Tue 30th Dec 2008 3:59pm PST
more info...
Get widget!Predictions (4)
4 predictions
bluedreamer
predicted Yes (H$20 at 77%)
robuk
predicted No (H$100 at 24%)Comments (2)
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score: 10
Scotland on Sunday Online 8 weeks ago
year's federal deficit of $450bn (£287bn) to probably $1,000bn (£639bn) next year and shoving America's national debt, which passed $10,000bn (£6,391bn) during the election campaign, higher still. The offsets Obama has to mitigate this are
score: 10
The Scotsman 9 weeks ago
SHADOW chancellor George Osborne yesterday accused Gordon Brown of deepening the economic downturn by trying to 'spend his way out of recession'. Mr Osborne claimed government plans to stimulate demand would result in a burden of debt
score: 10
The Independent 9 weeks ago
Middle East to secure IMF funding Related Articles Search Search Go Independent.co.uk Web Bookmark & Share Gordon Brown flies out to the Gulf today on a mission to persuade the region's oil-rich states to help combat the global economic meltdown. He is
score: 10
Channel 4 News 9 weeks ago
Gordon Brown's plans to 'spend his way out of recession' risk deepening the downturn and saddling future generations of Britons with massive tax hikes, shadow chancellor George Osborne warned. In
score: 10
Ananova 9 weeks ago
warning in a speech that a Labour 'spending splurge' risks economic ruin. The shadow chancellor is to brand Gordon Brown 'irresponsible' for suggesting the Government can 'borrow without limit' to stave off recession. Voters have a choice between future
According to the settlement source, the current national debt is £7.8 billion, but the recent bank bailout adds another £50 billion. And now Gordon Brown is talking about pushing forward the budget to inject some cash into schools and hospitals before year's end - if he does this, the figure is likely to hit 100 billion. (so question really is asking will this school/hospital plan go ahead, and if it does so will the figure be more than £40 billion)
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