Monday, May 21, 2007
More Dodgy numbers from the Office for Notional Stastics
BBC: UK finances mean boost for Brown
The UK's public finances improved in April, providing some good news for Chancellor Gordon Brown before he takes over as Prime Minister.
Public sector net borrowing was £1.1bn, against £2.8bn in April 2006, said the Office for National Statistics (ONS).
Posted by sovietuk @ 02:41 PM (359 views) Add Comment
3 Comments
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1. Pr said...
Is this because Brown is worried about higher interest rates?!
2. dohousescrashinthewoods said...
"See, I only spent 1.1bn on my credit card, (including what I paid off) which is less than I spent last month, so I must be being responsible by now."
Positive "NET" borrowing still means he borrowed more than he paid back. So the NET result is that we are more in debt this month than last. Just like most other Brits then. The "consolation" is that whilst we are still going down, it's not quite as quick a descent into the red. (1.1bn is pretty quick though, try paying that back in a falling market.)
3. speculatorone said...
Is it me or has things on this website cooled like the housing market over the last week? Maybe it's the change in labour leadership that has deflated everyone. and knowing Gordon Brown will be in charge....
Does anyone else think Gordon Brown is a double for Shrek?