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

[Doggy Styles]

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

[suityou01]

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

[AtW]

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