Wednesday, May 05, 2010
Add in private debt, light blue touch paper and retire ...
Guardian: UK budget deficit 'to surpass Greece's as worst in EU'
The UK budget deficit will swell this year to overtake Greece, becoming the worst in the European Union - the UK deficit for this calendar year is forecast at 12% of GDP, the highest of all 27 EU nations and worse than the Treasury's own forecasts.
Posted by mken @ 02:05 PM (2305 views) Add Comment
13 Comments
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1. tyrellcorporation said...
We're toast!
2. sirmungo said...
I'm going to get very upset if anyone try's to attribute this mess to Gordon Boom when it is entirely the fault of Global Bust.
3. Crunchy said...
Don't worry house prices are still unaffordable. So it's all good.
4. techieman said...
.....mary and midge? :-) Absolutely entirely . GB is just an innocent bystander, talk about the wrong place at the wrong time, how unlucky can you be. Ouch i didnt realise extracting my tongue from my cheek would be quite so painful!
5. techieman said...
http://www.youtube.com/watch?v=gcKJVqUPRNs
Not sure about the factories though ;-). A BTL block of flats?
6. taffee said...
brown on bbc now....we must keep interest rates low...sure...in fact lets just pay off peoples debt or guarantee zero mortgage rates while our kids hang themselves or turn to crime 'cos they cannot partake in society
its such a disgrace,its unbelievable
7. hpwatcher said...
I'm going to get very upset if anyone try's to attribute this mess to Gordon Boom when it is entirely the fault of Global Bust.
You simply can't escape the fact that Gordon Brown has been a significant factor.
8. tenyearstogetmymoneyback said...
sirmungo
I wonder if the Germans are all cursing their Finance minister ?
One cause of the Global Bust was the Americans repealing the Glass Stegal act in 1999
so they could "compete" against the City of London in producing Boom and Bust.
I wouldn't try and blame Tony Blair for any of this. He wasn't supposed to be running the economy.
You know who was.
9. amjidk said...
what's more GB kept on banging on about how WE were best placed to deal with the recession.......
10. sirmungo said...
I was being extremely ironic in my earlier post, not a good idea in text I know, sorry.
Gordon did the complete opposite of Keynesian theory while the private sector was booming, now that the private sector is in decline Gordon has converted to Keynesianism on his deathbed.
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