Oh dear™ : Worst June ever for UK finances

[hyperD]

http://news.bbc.co.uk/1/hi/business/5197958.stm

Mr Brown may break his promise of meeting borrowing targets
UK public finances suffered their worst June on record, figures from the Office for National Statistics (ONS) show.

Government borrowing rose to £7.3bn in June from £6.2bn during the same month last year - significantly higher than analysts' forecasts of £6.5bn.

Meanwhile, the current budget deficit stood at £6.4bn, £1.7bn higher than at the same time last year.

Douglas McWilliams, chief executive of the Centre for Economics and Business Research added that as well as tighter control of public spending, the Chancellor might also look to raise tax revenues.

[milanbenes]

nice use of the brand Hyper.

Milan.

[A shed load of Daleks]

Which do you think is the most likely?

"as well as tighter control of public spending, the Chancellor might also look to raise tax revenues. "

[DaveB]

Which do you think is the most likely?

"as well as tighter control of public spending, the Chancellor might also look to raise tax revenues. "

The former is a forgone conclusion, and he's never needed an excuse for the latter anyway.

[Emperor Dalek]

It's not borrowing, it's investment.

[TwinGoldDaleks]

The chancellor is of no use to us.

Ex-ter-min-ate!

[The Lone Gunman]

He will just change the start and end dates of the accounting period and then adjust his predictions to match the reality claiming that some war in Iraq has caused unforseen changes

[BobTheCrate]

The chancellor is of no use to us.

Ex-ter-min-ate!

And there was me thinking how coldly logical daleks were.

I'd have thought an alive and kicking Chancellor (or PM) Gordon Brown with his irresistable ability to turn independent, sharp minded, competitive working people into subserviant quiverring zombies; was part 'n parcel of the Daleks Final Solution (DFS).

[hyperD]

nice use of the brand Hyper.

Milan.

Thanks!