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It is still double last year's, which means it is still heading north spectacularly quickly. -
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.Originally posted by AtW View PostFar 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
UK PLC is next, trust me
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Good news - Britain no longer has the worst deficit in Europe!!!
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
Leave a comment: