Wednesday, September 20, 2006

National public sector debt up 10% on year

£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 (604 views)
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6 thoughts on “National public sector debt up 10% on year

  • Yet more evidence of Brown’s basket case economics and the data even comes from his own heaviliy politicised office for “Notional” Statistics

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  • 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.

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  • 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.

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  • ontheotherhand says:

    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.

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  • go on fill ya boots Gordon!!!

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  • 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.”

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