Oh Dear ™ - Government debt even higher than expected

[DimPrawn]

http://news.bbc.co.uk/1/hi/business/8367991.stm

The UK's public sector net borrowing reached £11.42bn last month, official figures have shown.

The figure was the highest for the month of October since records began in 1993 and was much higher than economists had expected.

The ONS said public sector net debt as a percentage of gross domestic product (GDP) totalled 59.2% in October, also the highest since records began.

If you want to be the best, if you want to beat the rest, Gordon Brown is what you need. If you want to be.....a record breaker!

[milanbenes]

lol

this'll be good for the shiny metal

Milan.

[Andy2]

whats the problem
just print £11.42bn , sorteeed

[DimPrawn]

Hey Yoo!

[Andy2]

lol

this'll be good for the shiny metal

Milan.

you mean aye you or aye gee ?

[TimberWolf]

Strange how off-shoring jobs and bringing people in to work minimum wage has lowered tax receipts.

[DimPrawn]

Strange how off-shoring jobs and bringing people in to work minimum wage has lowered tax receipts.

We need another 20,000,000 unknown, unvetted, unskilled, uneducated, non-English speaking people. It's what drives us to the top of the G20 nations.

[The_Equalizer]

What's the big deal? Darling needs about £700bn to cover it all:

http://business.timesonline.co.uk/to...cle6233339.ece

That's only about £12K for each of the UK's residents. In fact it'll only be £10K/each when a few more land on these shores.

[DimPrawn]

What's the big deal? Darling needs about £700bn to cover it all:

http://business.timesonline.co.uk/to...cle6233339.ece

That's only about £12K for each of the UK's residents. In fact it'll only be £10K/each when a few more land on these shores.

Yes, my 20 month old son can afford it and so can the old granny down in the retirement home and the asylum seeker in town and that tramp and those unemployed people and so can all the school children, people on the dole etc.

When you put the burden on those working it works out more like £100K each.

[TimberWolf]

Yes, my 20 month old son can afford it and so can the old granny down in the retirement home and the asylum seeker in town and that tramp and those unemployed people and so can all the school children, people on the dole etc.

When you put the burden on those working it works out more like £100K each.

Umm, I think plenty of people on minimum wage are lucky if they can save £10/month.