The economy in a safe pair of hands

[DimPrawn]

http://news.bbc.co.uk/1/hi/business/8521587.stm

The state of the UK's public finances deteriorated further in January, according to official figures.

The Office for National Statistics said the government borrowed a further £4.3bn last month - much more than expected.

Analysts had expected the government to repay about £2.8bn of its debts, but tax income for the month was lower than forecast.

Government spending also rose sharply, the ONS said.

The figures mark the first January that the government has been forced to borrow money since records began in 1993.


Scorched earth policy.

[TimberWolf]

The word "unexpected" crops up a lot these days, as does "new record".

[Doggy Styles]

It is difficult to believe, isn't it. How sh*t this government is at financial management.

Imagine running your personal finances like that, always spending more than you earn. Oh I forgot, lots of people are.

[ratewhore]

Scorched earth policy.

ain't that the truth. looks pretty grim to me...

[hyperD]

It is difficult to believe, isn't it. How sh*t this government is at financial management.

And not just once to prove how bad they are, but twice.

Cracking.

[HairyArsedBloke]

I'm shocked, shocked to find such financial incompetence in the UK.

What is really depressing is that all this gets from the media and the public is "Oh well. Times are tough"

[OwlHoot]

http://news.bbc.co.uk/1/hi/business/8521587.stm

The state of the UK's public finances deteriorated further in January, according to official figures.

The Office for National Statistics said the government borrowed a further £4.3bn last month - much more than expected.

Analysts had expected the government to repay about £2.8bn of its debts, but tax income for the month was lower than forecast.

Government spending also rose sharply, the ONS said.

The figures mark the first January that the government has been forced to borrow money since records began in 1993.

Scorched earth policy.

They must have borrowed shed loads to artificially nudge the GDP into a 0.0001 % improvement, or whatever the figure was, a month ago as Gordon promised three months ago it would.

[Doggy Styles]

We have a large structural deficit (as opposed to the bank bailout money).

There are still very few people who understand just how serious this problem is.

[Jeebo72]

They must have borrowed shed loads to artificially nudge the GDP into a 0.0001 % improvement, or whatever the figure was, a month ago as Gordon promised three months ago it would.

I know from experience, you can prove anything with stats. "I want growth". "You got it" springs to mind ...

[TimberWolf]

The yield on Britain’s 10-year gilt just shot up to about 4.2 per cent, according to Reuters data...

Thus it is likely that the QE program will be increased

http://ftalphaville.ft.com/blog/2010...ing-in-the-uk/