Friday, Jul 21, 2006

Brown plunges the UK into more debt

BBC News: Worst June ever for UK finances

UK public finances suffered their worst June on record, figures from the Office for National Statistics (ONS) show. Government borrowing rose to 7.3bn in June from 6.2bn during the same month last year - significantly higher than analysts' forecasts of 6.5bn.

Posted by webmaster @ 09:57 AM (605 views)
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3 Comments

1. markd said...

So thats another few billion we will all have to find at some point in the future-at least we can console ourselves with the thought that the government is providing such excellent value for money!

Friday, July 21, 2006 10:39AM Report Comment
 

2. sebastian said...

Heh, what a glut of news at we are getting this month. It really feels like the downturn of the housing market is on the horizon.

Friday, July 21, 2006 11:00AM Report Comment
 

3. Maxwell said...

That's only an 18% increase per annum.

"Experts said high spending was to blame" :)

Friday, July 21, 2006 03:14PM Report Comment
 

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