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Good news - Britain no longer has the worst deficit in Europe!!!

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    Good news - Britain no longer has the worst deficit in Europe!!!

    Far from being a Greek-style 12pc of gross domestic product or £163bn, (as prophesied by the Budget), Britain’s deficit last year (2009/10) was actually £145bn – just over 10pc of GDP ...

    The good news in today’s figures is that borrowing in 2009-10 is now thought to have been £7.5 billion below last month’s initial estimate. This still leaves it at £156.1 billion, or 11.1% of national income, and the IMF forecasts published last week suggest that, of all the advanced and emerging economies, only Ireland and Latvia will have a higher level of borrowing in 2010.




    More: Britain no longer has the worst deficit in Europe – Telegraph Blogs

    #2
    Originally posted by AtW View Post
    Far from being a Greek-style 12pc of gross domestic product or £163bn, (as prophesied by the Budget), Britain’s deficit last year (2009/10) was actually £145bn – just over 10pc of GDP ...

    The good news in today’s figures is that borrowing in 2009-10 is now thought to have been £7.5 billion below last month’s initial estimate. This still leaves it at £156.1 billion, or 11.1% of national income, and the IMF forecasts published last week suggest that, of all the advanced and emerging economies, only Ireland and Latvia will have a higher level of borrowing in 2010.




    More: Britain no longer has the worst deficit in Europe – Telegraph Blogs
    Well that is encouraging. I also managed to plumb in my dishwasher, which let me tell you was like letting a pack of gibbons loose with plumbing tools. Lawd only knows how it doesn't leak.

    UK PLC is next, trust me
    Knock first as I might be balancing my chakras.

    Comment


      #3
      It is still double last year's, which means it is still heading north spectacularly quickly.

      Comment

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