Showing posts with label PUBLIC BORROWING. Show all posts
Showing posts with label PUBLIC BORROWING. Show all posts

Friday, December 18, 2009

RECORD FIGURES FOR PUBLIC BORROWING

Official Figures show that net borrowing hit a record high of £20.3 billion in November.

This figure is the highest for any month since records began in 1993.

According to The Office of National Statistics has said that the public sector net debt as a percentage of overall UK economic output is a staggering 60.2%

Someone once said that Labour governments fail because they run out of other people's money to spend!