Originally posted by alreadypacked
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FTFY 
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We're still in phoney recession stage, paid for by more debt, more low interest rates and more high house prices and she's about to blow. For the well off, those with houses, mortgages and jobs it's been the best recession ever so far. -
UK public borrowing rises in June
"The UK government borrowed more than expected in June, leading some analysts to question whether it will meet its deficit reduction target this year.
Public sector net borrowing, excluding interventions such as bank bailouts, was £14.4bn last month, up from £13.9bn in June 2011, the Office for National Statistics (ONS) said.
Analysts had forecast a much lower figure of about £13.4bn.
The Treasury said it was too soon to say what full-year borrowing would be.
"It is too early in the financial year to draw conclusions about the year as a whole," a Treasury spokesman said.
"This is volatile data and is prone to revision," he said, adding that borrowing for 2011-12 had been revised again and was now estimated to be below the Office for Budget Responsibility's forecast.
The OBR, whose forecast is used by the government, had predicted borrowing of £126bn in the year to March 2012."
BBC News - UK public borrowing rises in June
Looks like Govt strategy is a bust.
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