Britain's national debt rises to £1.1 trillion

So the debt is now at a whopping £1111.4 billion - Office for National Statistics says that is 70.7% of GDP - ouch. Public spending rising (and remember it is rising still despite the cuts) faster than what the government is getting in from taxes.

Numbers here from the ONS if you want to look for yourself.


Public sector borrowing rises

Public sector net borrowing rose by £600 million to £15.4 billion in December, according to the Office for National Statistics.