Wednesday, Sep 20, 2006

National public sector debt up 10% on year

National Statistics: 5.6 bn current budget deficit August

Net debt was 474.2 billion at the end of August, compared with 436.2 billion a year earlier. The Budget forecast net debt at the end of March 2007 is 493.0 billion.

Posted by uncle chris @ 11:15 AM (547 views)
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6 Comments

1. sovietuk said...

Yet more evidence of Brown's basket case economics and the data even comes from his own heaviliy politicised office for "Notional" Statistics

Wednesday, September 20, 2006 11:36AM Report Comment
 

2. kpjcomp said...

I soppose Gordon can do a couple of things to help.

1. De-Value the
2. Cut spending on the public sector.
3. Increase Taxes for the hard working people of great britain.

No.1, Unlikely because as a nation we don't produce anything, so Imports that are currently keeping inflation down will disappear.
No.2, Well that's not going to happen, because as we all know there the most important people on the plannet.
No.3, Ah, that the one most likely. And he could implement some really complicated Tax scheme, so people don't spot them.

Wednesday, September 20, 2006 11:57AM Report Comment
 

3. talking rot said...

I don't understand this national debt business. Arn't we the enterprise economy of Europe? Isn't the economy supposedly basking in glory.

sovietuk - nice one. Office of Notional Statistics. Recently I've heard remarks about the Office of New-Liebour's Statistics but I like the Office of Notional Stistics better.

Wednesday, September 20, 2006 03:11PM Report Comment
 

4. ontheotherhand said...

kpjcomp, There is a 4.

4. Print record amounts of money (M4 growth is at its highest for 15 year) which causes inflation, but then get the office of "notional" statistics to tell us all there is no inflation. The result is that all this money sloshing around gets put into assets - houses. So Gordon gets to keep the money he prints and gets much more stamp duty to boot.

Wednesday, September 20, 2006 03:42PM Report Comment
 

5. Northernlad said...

go on fill ya boots Gordon!!!

Wednesday, September 20, 2006 08:20PM Report Comment
 

6. indiablue19 said...

More "funny money" in the system does seem most likely as the longstanding favourite for any country entirely lacking in economic stability. I remember tales of various people in troubled times wheeling barrow loads of currency to the shop to purchase bread and milk. Plus printing currency still leaves all the other finger-in-the-dyke solutions to be dragged out in future as the ship goes down. Keeping all the plates in the air must be becoming an absolute Govern-Mental nightmare. Perhaps this site should be renamed "A Day in the Life of the Little Dutch Boy."

Wednesday, September 20, 2006 09:39PM Report Comment
 

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