Monday 20 October 2008

Public borrowing soars to highest level since 1946 after Darling pledges: 'I'll spend my way out of the recession'

Daily Mail:

"Public borrowing has soared to its highest level since Britain was being rebuilt after World War Two.The Treasury borrowed a massive £37.6billion between April and September, outstripping the entire total for 2007 in just six months, to hit its highest level since 1946.A record £8.1billion was borrowed in September alone as the credit crunch tightened its grip. Analysts had predicted it would be nearer £6billion.The data, coming 24 hours after Chancellor Alistair Darling pledged to spend his way out of a recession, proves the Government's targets for borrowing are now in tatters."

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