Tuesday, Oct 20, 2009

Up up and away

BBC: Record in public sector borrowing

The UK's public sector net borrowing totalled £14.8bn last month, official figures have shown. The figure from the Office for National Statistics (ONS) was slightly lower than economists had expected but was still a record for September. The rise takes net borrowing to £76.2bn for the six months of the financial year so far. The government expects borrowing to total £175bn in 2009. The government's overall debt now stands at £824.8bn, or 59% of GDP.

Posted by jack c @ 10:17 AM (770 views)
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1. mr g said...

Yet more evidence of Crash's "scorched earth policy" leaving the Tories to sort out the mess and then get the blame for spending cuts.

Conniving barsteward.

Tuesday, October 20, 2009 02:07PM Report Comment

2. paul said...

I hear the 'scorched earth' mantra being waved about, but you must remember that if they do get back in, they'll have made a rod for their own backs.

The government has to spend right now. It reallly does - they're not making it up. Otherwise you have a shed-load (not just the people employed by the government but all of the private sector indirect beneficiaries) being turfed onto the social security services. Not pretty at all.

The criminally irresponsible thing is that they saved nothing when the money was flowing in.

Tuesday, October 20, 2009 07:32PM Report Comment

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