Thursday, Nov 19, 2009

Helter Skelter

Telegraph: OECD warns Britain risks 'debt spiral'

OECD warns that even if Britain reduces its deficit in line with other leading nations, it will still have the rich world's biggest deficit until 2017 and potentially beyond, casting serious doubt on its economic credibility on the same day that public borrowing in October was revealed to be 88 times what it was in the same month last year.

Posted by enuii @ 07:45 PM (3161 views)
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1. alan said...

"Shadow Chancellor George Osborne said: "Today is a defining moment in the debate about Britain's debt - the moment when we see that Gordon Brown has not just lost control of the public finances but lost the economic argument about the debt crisis".

I think Osborne is a greasy little creature, and I think SkyNews beat him to the quote....but its right. we are up the swanee.

IMF in by Christmas??

Thursday, November 19, 2009 11:23PM Report Comment
 

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