THE UK’s National Debt has risen to more than £3 trillion after the UK government was forced to borrow much more than it had expected! John O’Connell, the chief executive of the Taxpayers Alliance, has said that the National Debt was now ‘out of control’ and urged Chancellor Healey, and PM Burnham to ‘rein in spending!’ ‘At £3tn the national debt equates to more than £100,000 per household across the UK, and is the equivalent to about 95 per cent of GDP.’ The working class in the UK and in the major capitalist countries must bring down their governments and nationalise their banks and major industries and bring an end to bankrupt capitalism. Now is the time to go forward to the victory of the world socialist revolution and the formation of a World Socialist Republic!