Debt and the G20
SIR – I was disturbed, albeit not surprised, to read that the average Briton now has to work 83 days a year just to pay off the interest accumulating on their debts (Telegraph.co.uk, March 25).
Once you combine this with the time we spend working to pay our taxes – which the Adam Smith Institute estimates will be around 160 days in 2009 – it could be September before we get to spend any money on ourselves!
Executive Director, Adam Smith Institute
Published in The Telegraph here