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Record breaking government

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    Record breaking government

    http://news.bbc.co.uk/1/hi/business/8262434.stm

    The UK's public sector net borrowing totalled £16.1bn last month, official figures have shown.

    The figure, an August record, compares with £9.9bn a year ago but is less than some forecast. It came as the recession bit into government tax receipts.

    The rise takes net borrowing to £65.3bn for the five months of the financial year so far, according to the Office for National Statistics (ONS).

    The government's overall debt now stands at £804.8bn, or 57.5% of GDP.


    Things, can only get better, can only get better....

    #2
    I am SOOOOOO glad i'm in the process of moving to Cologne.
    The proud owner of 125 Xeno Geek Points

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      #3
      Foreign investment in UK falls by half

      ...investment in Britain was hit much harder by the global downturn than almost any other country..Investment into Britain fell by half to £97bn, while outflows, or British companies making investments abroad, collapsed to £111bn from £275bn the year before.
      Soon time to call the MFI ?

      Comment


        #4
        Another record:

        Net lending to British businesses in July fell by its biggest amount since records began over a decade ago

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