Merry Christmas everyone – Borrowing is UP by almost 10%

21st December, 2012 2:51 pm

Tags:

It’s just a few days before Christmas, and it’s time to announce George Osborne’s latest “gift” to the British people. Borrowing is up compared to last year – by almost 10%. The figures for the first eight months of the year were released today – let’s see how they compare to last year:borrowingUP

Merry Christmas, everyone…

  • Monkey_Bach

    No worries. Just keep cutting the welfare budget!

  • Dave Postles

    It’s a good job he’s not on PRP. He’s missed so many targets that he’s in danger of emulating Osborne & Little.

  • aracataca

    Proof if any were needed that Osborne’s policies are clearly not working.

  • aracataca

    Proof if any were needed that Osborne’s policies are clearly not working.

  • aracataca

    Proof if any were needed that Osborne’s policies are clearly not working.

  • aracataca

    Proof if any were needed that Osborne’s policies are clearly not working.

  • aracataca

    Proof if any were needed that Osborne’s policies are clearly not working.

  • aracataca

    Proof if any were needed that Osborne’s policies are clearly not working.

  • aracataca

    Proof if any were needed that Osborne’s policies are clearly not working.

  • JoblessDave

    Um, given the stated intention of both government and opposition has been over a number of years to introduce policies which reduce the deficit, borrowing was by definition always going to rise.

  • aracataca

    ‘You know, Paul, Reagan proved that deficits don’t matter’. D Cheney Republican Vice-President 2002.
    These figures show that government cuts have less to do with cutting the deficit and much much more to do with driving down labour costs for business.
    John Maynard Keynes anyone?

  • aracataca

    ‘You know, Paul, Reagan proved that deficits don’t matter’. D Cheney Republican Vice-President 2002.
    These figures show that government cuts have less to do with cutting the deficit and much much more to do with driving down labour costs for business.
    John Maynard Keynes anyone?

  • Winston_from_the_Ministry

    Surely everyone who knows the difference between deficit and debt already knew this was going to happen?

  • leslie48

    But the one thing Labour will have to confront in 2013 – is what it will do about the welfare bill which is one-third of government spending. . More and more it is dawning on everyone that ‘child tax credits’ and ‘child benefit’ will become a luxury for say anyone on over salaries of 40+ K when we have really poor families now suffering as indicated in recent Observer stories. The debate on ‘targetting’ the real poor families and the real disadvantaged frail elderly has to evolve. Now I say this because irrespective of increasing higher income tax, wealth tax ideas, changing the tax laws to stop the obscene tax avoidance of corporates and rich folk- we cannot surely continue to transfer income from the lower/middle middle income levels to yes the same people in the form of said benefits. Anecdotally this hit me again this Christmas as I hear of such recipients buying their kids Iphone 5’s , visting Casinos or visiting expensive London restaurants. This is where we have to be tough. Moreover the self-employed under-recording their incomes and then being rewarded by getting child tax credits is far too seriously widespread and that includes traders, taxi-drivers etc.,.some of whom will be Labour voters.

Latest

  • News Campaign round-up: Five days to go

    Campaign round-up: Five days to go

    It’s five days until voters go to the polls – here’s a quick look at how the elections are shaping up across the country. Quote of the Day Sadiq Khan lays out how he will tackle anti-Semitism as Mayor in Jewish News: I will always protect communities whose beliefs and practices attract the inexplicable hostility of others, and I’ll get to grips with religious hate crimes. I’ll make tackling hate crimes a far higher priority for the Metropolitan police, and […]

    Read more →
  • Featured News Corbyn launches anti-Semitism action plan – but Ken blames row on “embittered old Blairites”

    Corbyn launches anti-Semitism action plan – but Ken blames row on “embittered old Blairites”

    Jeremy Corbyn has revealed he is launching an action plan to deal with anti-Semitism in the Labour Party, while Ken Livingstone has attempted to play down allegations, accusing “embittered old Blairites” of whipping up the storm in an attempt to get rid of Corbyn. In further developments, the chairman of the Israeli Labour Party has written to Corbyn to say he is “appalled and outraged” by recent examples of anti-Semitism in Labour, while 80 Jewish party members have put their names to […]

    Read more →
  • Featured News Defence review closes as Woodcock’s rival enquiry ramps up

    Defence review closes as Woodcock’s rival enquiry ramps up

    The deadline for member submissions to Labour’s defence review expires this weekend amid claims that an unofficial parallel party enquiry is gaining more traction with MPs. Emily Thornberry, shadow Defence Secretary, is leading the official review, which launched in January amid controversy that Ken Livingstone would be co-convenor. Livingstone was moved to co-convene the Labour foreign policy review, a role he is unlikely to continue in following this week’s suspension. The process has hit further snags, with MPs raising concerns […]

    Read more →
  • Comment Europe Featured Uncategorized Dear Jeremy… please speak up again and again for Britain’s place in Europe, a former British ambassador writes

    Dear Jeremy… please speak up again and again for Britain’s place in Europe, a former British ambassador writes

    Dear Mr Corbyn – or may I, a non-Corbynista, call you Jeremy? I am one of the many Labour party members and supporters, including your critics, who unreservedly applauded your big speech on 14 April setting out Labour’s powerful case for Britain remaining in the EU. You were right to draw a sharp distinction between the Labour and Tory arguments for staying in, including your striking health warning that following Brexit our right-wing government would make a bonfire of the EU’s hard-won protections for workers’ […]

    Read more →
  • Comment Featured Ken Livingstone is a pariah and must be expelled from Labour

    Ken Livingstone is a pariah and must be expelled from Labour

      Ken Livingstone is finished in the Labour Party. His bizarre Hitler rant has succeeded in uniting Corbynista and centrist Labour MPs, as well as the entirety of the mainstream press, in condemnation. He has been suspended and will surely be expelled. For many in the Labour Party, it cannot come soon enough. Livingstone has disgraced himself one time too many and, if he is bowing out, it will be with perhaps his most toxic intervention yet. His comments about […]

    Read more →
Share with your friends










Submit