Thursday, February 18, 2010

A fresh downward leg in the public finances

Sterling hit as UK borrowing soars

Net borrowing was more than £9bn higher in January than a year earlier, as the government faced a deficit of £4.3bn compared with a £5.3bn surplus in January 2009 The deficit was starkly worse than market expectations of a £2.8bn surplus for the month. Economists had been hopeful of a better outcome following two months of smaller-than-expected government borrowing figures. It is the first deficit in January since at least 1993. The deficit so far this year is £122bn, compared with a Treasury forecast of £170bn for the full financial year

Posted by devo @ 11:49 AM (1183 views)
Please complete the required fields.



11 thoughts on “A fresh downward leg in the public finances

  • There should be no doubt in anyone’s mind about the economic incompetence of the Gordon Brown Labour government.

    Reply
    Please complete the required fields.



  • “The yield on 10-year gilts jumped 5 basis points to 4.18 per cent, the highest level for 15 months, reflecting concerns about…………… the deteriorating finances of the UK government”

    So which is it to be (using scenes from Dad’s Army) ?

    Frazer – “we’re doomed”

    Lance Corporal Jack Jones – “Don’t panic! DON’T PANIC!”

    Reply
    Please complete the required fields.



  • fallingbuzzard says:

    Mister Brown goes off to town on the eight twenty-one
    But he comes home each evening ready with his gun

    Reply
    Please complete the required fields.



  • Jones: Permission to speak, sir

    Jones: Permission to whisper, sir

    Jones: Permission to wake you up, sir

    Jones: Permission to worry you sir.

    Reply
    Please complete the required fields.



  • DON’T PANIC!, DON’T PANIC!

    – They don’t like it up em’

    Reply
    Please complete the required fields.



  • Captain George Mainwaring (Bank Manager) – “Let’s not have any of that sort of talk here”

    Reply
    Please complete the required fields.



  • We’re doomed DOOMED!

    Reply
    Please complete the required fields.



  • Captain Mainwaring “How many all?”

    Reply
    Please complete the required fields.



  • Mainwaring: Just testing you

    Reply
    Please complete the required fields.



  • Jones: Ohhhh…. don’t make any false moves Mr Mainwaring, and don’t make any real ones either!

    Reply
    Please complete the required fields.



  • Mainwaring: “I think you’re entering the realms of fantasy here, Jones”

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>