Jump to content
House Price Crash Forum
Sign in to follow this  
Realistbear

O N S: Government Spends £5 For Every £4 Raised

Recommended Posts

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/8016444/Government-spends-5-for-every-4-raised-says-Office-for-National-Statistics.html

Government spends £5 for every £4 raised, says Office for National Statistics
The Government has spent £5 for every £4 gathered so far this year because of falling tax receipts and rising expenditure, pushing public debt to a record £823bn.
By Philip "Balders" Aldrick, Economics Editor
Published: 6:00AM BST 22 Sep 2010
264.678 Comments
Although the Government's tax receipts for the month increased £2.2bn to £37.1bn, spending climbed by £4.9bn to £49.8bn Photo: Getty Images Figures from the Office for National Statistics (ONS) painted a bleak picture of the country's finances, putting pressure on the Chancellor to deliver the cuts unveiled in the Budget.
Philip Shaw, an economist at Investec, called the latest figures "a reminder that the path towards budgetary rectitude has just begun and that this is not the time to relax any plans".

Good news for Sterling but not so good for our bottom line. :o

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 140 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.