Revealed: The £612bn debts the Government has hidden

Big government is supposed to be dead – the victim of Ministers’ determination to get ‘more for less’ from a leaner, keener public sector. But an investigation by Financial Mail reveals that taxpayers could face an even bigger bill than expected as the ‘shadow’ public sector balloons. On top of the usual public borrowing and shareholdings in rescued banks, the taxpayer could be at risk for an astonishing £612billion as the Government indulges in an orgy of loan guarantees, incentive schemes, public-private initiatives and outsourcing contracts – all hidden off the balance sheet...Daily Mail