puisseguin Posted October 19, 2012 Share Posted October 19, 2012 I just thought I'd post this to clarify a few points from those who claim the UK's budget deficit is rising. It isn't http://www.bbc.co.uk/news/business-20002050 UK public sector borrowing falls to £12.8bn UK public sector net borrowing was £12.8bn in September, down from £13.5bn in the same month last year, the Office for National Statistics has said. The figure is lower than analysts had been expecting, while previous months' figures for this financial year were revised down by a total of £6.7bn August's record figure of £14.4bn was revised down to £12.8bn. The government wants to wipe out the structural budget deficit by 2015, but analysts say this is unlikely. Public borrowing for the financial year-to-date now stands at £38.6bn, compared with £62.8bn this time last year. This takes total government net debt to £1,065bn, equivalent to 67.9% to total annual economic output. Link to comment Share on other sites More sharing options...
Mecky Posted October 19, 2012 Share Posted October 19, 2012 And what about other borrowing which is up? Link to comment Share on other sites More sharing options...
puisseguin Posted October 19, 2012 Author Share Posted October 19, 2012 And what about other borrowing which is up? Which other borrowing? Link to comment Share on other sites More sharing options...
Mecky Posted October 19, 2012 Share Posted October 19, 2012 Which other borrowing? Non public sector borrowing, is there a difference? EDIT: http://www.bbc.co.uk/news/business-19677672 Link to comment Share on other sites More sharing options...
truman Posted October 19, 2012 Share Posted October 19, 2012 Non public sector borrowing, is there a difference? Which other borrowing are the government responsible for?.. Link to comment Share on other sites More sharing options...
Mecky Posted October 19, 2012 Share Posted October 19, 2012 Which other borrowing are the government responsible for?.. Do you know what sarcasm is? Link to comment Share on other sites More sharing options...
truman Posted October 19, 2012 Share Posted October 19, 2012 Do you know what sarcasm is? Yes ..... do you? Link to comment Share on other sites More sharing options...
truman Posted October 19, 2012 Share Posted October 19, 2012 Non public sector borrowing, is there a difference? EDIT: http://www.bbc.co.uk/news/business-19677672 Your edit just shows we are borrowing less... Link to comment Share on other sites More sharing options...
Mecky Posted October 19, 2012 Share Posted October 19, 2012 Your edit just shows we are borrowing less... Borrowing hits record high, but we are borrowing less? Link to comment Share on other sites More sharing options...
truman Posted October 19, 2012 Share Posted October 19, 2012 Borrowing hits record high, but we are borrowing less? Your link is a month out of date..read the one in the OP.. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.