Tuesday, May 26, 2009
Darling taken all delusional again
Telegraph: Treasury warns of £70bn hole in Budget forecasts
A survey of 20 independant economic forecasts conducted by the Treasury predicts that over the next four years the total borrowing figures will be £72.7bn higher than predicted by the chancellor just 1 month ago, equating to £2,000 in extra borrowing for every taxpayer in the country.
Posted by enuii @ 10:19 PM (581 views) Add Comment
3 Comments
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1. general congreve said...
What's another 2k when you already owe 35k? Fill 'er up Gordie!
2. sybil13 said...
Is this before or after they have given the banks more money to balance books , more money so they can afford to lend, rescued the building societies and given them money to lend and plugged the gap in the £200bn shortgage in mortgage lending left by the RMBS market now being shut?
3. sybil13 said...
Ah meant to say its worth taking a look at:
http://www.cebr.com/Resources/CEBR/Loss_of_revenue_from_financial_%20services_16_March_2009.pdf
Found whilst doing a search for CEBR 10%, Yahoo heading : EXPECT THE HOUSING MARKET TO CRASH SOON