Thursday, January 21, 2010

Gov borrowing up.

UK government borrowing hits £15.7bn for December

"UK government borrowing hit a new record for the month of December of £15.7bn, less than analysts expected. And total borrowing for the first nine months of the financial year was £120bn - the most since records began in 1946. "

Posted by rumble @ 05:35 PM (1567 views)
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8 thoughts on “Gov borrowing up.

  • It does not surprise me that borrowing of £120bn is the most since 1946. Inflation devalues currency and if the government borrowed £120bn back in 1946, it would be 100-times more these days!

    The key point is that it is less than analysts had expected!

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  • the December figure was only £2bn higher than the same month a year ago. It’s a rare positive surprise,” said Mr Clarke.

    ” a rare positive surprise” yeah, right.

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  • Maybe this level of government borrowing is meant to make the consumer feel much better eg student with £30K student loans, Mr/Mrs X with £40K credit card debt and Mr Single with £250k x 30 year mortgage all of whom suddenly think its peanuts because of the sheer size of Gov debt now constantly reported in the media.

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  • “It’s a rare positive surprise,” said Mr Clarke”

    But the “experts”still got it wrong. Useless to**ers.

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  • Ahem. Stamp duty holiday coming to an end? It’s GOT to be part of the reason.

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  • “But economists say the government could still hit its borrowing target for the current financial year.”

    Borrowing target?? WTF!

    They make is sound like something good, something to strive for.

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  • it_is_going_with_a_bang says:

    “Here’s a good idea. Let’s just say it will be 100Billion and then when its less for next month we can all claim things are getting better than we thought so it must be ok after all and we can pat outselves in the back.”

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  • What has it come to when they are patting themselves on the back for not borrowing so much

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