Wednesday, 22 April 2009

Gov borrowing

The Chancellor announced in his Budget today:
  • Public borrowing to increase to £175bn this year
  • Borrowing levels to rise by £173bn, £140bn, £118bn and £97bn in years after
Boggling quantities and troubling thinking about the taxation (or spending cuts) needed to replay this lot.

(BBC at-a-glance)

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