The biggest bill in history

London - Across the rich world governments are borrowing vast amounts as the recession reduces tax revenue and spending mounts - on bail-outs, unemployment benefits and stimulus plans. New figures from economists at the IMF suggest that the public debt of the ten leading rich countries will rise from 78% of GDP in 2007 to 114% by 2014. These governments will then owe around $50,000 for every one o...