http://www.telegraph.co.uk/finance/f...n-by-2010.html
http://news.bbc.co.uk/1/hi/scotland/7810315.stm
Or in other words, Gordon's allowed to borrow the money to try and buy off the election, but won't allow the SNP to do it to actually fund a long term project.
At the Budget in March, Mr Darling forecast that borrowing would peak this year at £43 billion, equal to 2.7 per cent of the entire economy. That was the biggest annual borrowing figure since Labour came to power in 1997, and led to warnings about the impact on the UK's future economic performance.
But that £43 billion is dwarfed by the £78 billion that Mr Darling said he will borrow this year. Next financial year's borrowing will be even more staggering at £118 billion, the equivalent of 8 per cent of national income.
Despite the size of the borrowing, Treasury officials insisted that only around half of that borrowing is to fund current expenditure
But that £43 billion is dwarfed by the £78 billion that Mr Darling said he will borrow this year. Next financial year's borrowing will be even more staggering at £118 billion, the equivalent of 8 per cent of national income.
Despite the size of the borrowing, Treasury officials insisted that only around half of that borrowing is to fund current expenditure
The chancellor's department has rejected a request from the Scottish government to spread the cost of the £2bn bridge over 20 years
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